白糖数据日报-20250904

Report Overview - The report is titled "Sugar Data Daily" and is provided by ITG Guomao Futures [3][2] Industry Investment Rating - Not provided Core Viewpoint - During the new harvest season alternation period, the supply is diversified, and the competition between processed sugar and domestic sugar intensifies. It is expected to maintain range-bound trading. One should be vigilant about the decline in import costs and the risk of demand falling short of expectations. If Brazil's production exceeds expectations or India relaxes exports, raw sugar may test the previous low again [4] Key Data Summary Domestic Sugar Price - The spot price of sugar in Nanning Warehouse, Guangxi is 5990 yuan/ton with no change; in Kunming, Yunnan is 5850 yuan/ton with no change; in Dali, Yunnan is 5720 yuan/ton with no change; in Rizhao, Shandong is 6050 yuan/ton with no change [4] - SR09 futures price is 5590 yuan/ton, down 21; SR01 futures price is 5562 yuan/ton, down 37; SR09 - 01 spread is 28, up 16 [4] Exchange Rate - The exchange rate of RMB against the US dollar is 7.1554, down 0.0010; the exchange rate of the Brazilian real against the RMB is 1.2818, up 0.0212; the exchange rate of the Indian rupee against the RMB is 0.084, down 0.0004 [4] International Futures Price - ICE raw sugar主力 price is 16.14 with no change; London white sugar主力 price is 573, up 3; Brent crude oil主力 price is 69.07 with no change [4]