软商品日报-20250901

Group 1: Sugar Market Core View - Domestic sugar import pressure persists. In July, sugar imports increased significantly, and the arrival of processed sugar at ports from August to September will impact the spot market. Sugar enterprises in Guangxi and Yunnan have lowered their spot quotes. Internationally, the estimated output of the new sugar - cane season in the central - southern region of Brazil has been revised down, but India's strong production increase expectation, combined with the continuous peak of Brazil's sugar - cane crushing, limits the rebound space of raw sugar, and there is a lack of short - term upward drivers [3]. Market Data - Futures Prices and Spreads: On September 1, 2025, SR01 closed at 5609 yuan/ton with a daily increase of 0.09% and a weekly decrease of 1.39%. Other contracts also showed different price changes and spreads [4]. - Sugar Basis: On August 29, 2025, the basis of Nanning - SR01 was 356 yuan/ton with a daily increase of 48 yuan and a weekly increase of 56 yuan. The basis of different regions and contracts had different changes [9]. - Sugar Import Prices: On September 1, 2025, the in - quota price of Brazilian sugar imports was 4552 yuan/ton with a daily increase of 13 yuan and a weekly decrease of 11 yuan. The out - of - quota price was 5786 yuan/ton with a daily increase of 17 yuan and a weekly decrease of 13 yuan. Similar price changes were seen in Thai sugar imports [12]. Group 2: Cotton Market Core View - Xinjiang's new cotton has entered the concentrated boll - opening stage, and the overall picking time is expected to be earlier than last year. Attention should be paid to the rainfall in September. Continuous rainy days may affect cotton quality and harvesting progress. As of now, the weather forecast shows that the temperature in Xinjiang may drop in early September, and there may be precipitation in northern Xinjiang in the first ten - day period, which may be unfavorable for boll - opening. This year, there has been a large amount of pre - sales of new cotton, with some pre - sale prices around 6.3 yuan/kg. Downstream, with the arrival of the "Golden September and Silver October", the inventory of finished products has been further reduced, but the profit has not been significantly repaired, and the overall downstream confidence is still insufficient, with a lack of orders [14]. Market Data - Futures Prices: On September 1, 2025, the closing price of Cotton 01 was 14025 yuan/ton, a decrease of 215 yuan or 1.51%. Other cotton and cotton yarn contracts also showed different degrees of decline [15]. - Cotton and Cotton Yarn Spreads: The cotton basis was 1088 yuan/ton with no change on September 1, 2025. Other spreads such as cotton 01 - 05, cotton 05 - 09, etc., also had corresponding values [16]. Group 3: Jujube Market Core View - On the basis of last year's high - yield, the output of gray jujubes in the new year may decline significantly year - on - year, but the decline compared to normal years may be relatively small. Before the jujubes are harvested, there may still be market speculation. Attention should be paid to the weather changes in the production areas. If the decline in production does not further expand, with the supply of high - inventory old jujubes, the jujube price may still face downward pressure [19]. Group 4: Apple Market Core View - Under the impact of seasonal fruits, the sales speed of apples is limited. In Shandong, due to the busy farming season, the packaging volume is limited. In Shaanxi, the apple supply is concentrated in northern Shaanxi, and the secondary production areas are basically cleared of inventory. For new - season apples, the harvest of paper - bag Gala apples is nearly over, and early - maturing Fuji apples are gradually on the market, but the fruit size is still small [24]. Market Data - Futures and Spot Prices: On September 1, 2025, the closing price of AP01 was 8261 yuan/ton with a daily decrease of 0.45% and a weekly increase of 2.57%. Different apple futures contracts and spot prices showed different price changes and trends [25].