Report Information - Report Title: Sugar Daily Report [1] - Date: October 16, 2025 [2] - Researcher: Wang Haifeng, Lin Zhenlei, Yu Lanlan, Hong Chenliang, Liu Youran [3] Industry Investment Rating - Not provided Core Viewpoints - New York raw sugar futures rebounded slightly, but the sugar price is still considered weak after breaking through the support level and rebounding without a significant breakthrough [7] - Zhengzhou sugar futures followed the raw sugar to rebound, but the amplitude was small, with weak spot prices and cautious long - position holders [8] Summary by Directory 1. Market Review and Operation Suggestions - Futures Market Quotes: SR601 closed at 5403 yuan/ton, up 3 yuan or 0.06%, with a position of 433,188 contracts, an increase of 11,032 contracts; SR605 closed at 5371 yuan/ton, down 3 yuan or - 0.06%, with a position of 80,846 contracts, an increase of 4,544 contracts; US sugar 03 closed at 15.87 cents/pound, up 0.26 cents or 1.67%, with a position of 468,073 contracts, an increase of 5,674 contracts; US sugar 05 closed at 15.36 cents/pound, up 0.20 cents or 1.32%, with a position of 141,836 contracts, an increase of 2,493 contracts [7] - Zhengzhou Sugar Main Contract: The main contract of Zhengzhou sugar fell sharply below the 5400 - yuan mark. The 01 contract closed at 5397 yuan/ton, down 77 yuan or 1.41%, with an increase in positions of 32,133 contracts. Domestic spot prices in production areas were lowered, with Nanning sugar quoted at 5800 yuan/ton and Kunming sugar at 5690 yuan/ton [8] 2. Industry News - Brazilian Sugarcane Data: According to the Brazilian Sugarcane Technology Center (CTC), the average sugarcane yield per hectare in the central - southern region this season decreased by 6.5% compared to the previous season. From April to September in the 2025/26 crushing season, the average yield was 77.7 tons per hectare, a decrease of 5.5 tons from the previous season. The sugarcane quality (measured by ATR) decreased by 0.8% [9] - Sugar Factory Startup in Inner Mongolia: As of now, 11 sugar mills in Inner Mongolia have started operation in the 2025/26 sugar - making season, and the last one is expected to start tomorrow. The white sugar price of Inner Mongolia Lingyunhai in the 2025/26 sugar - making season is 5850 yuan/ton, and the soft sugar price is 5950 yuan/ton [9] - Indian Sugar Exports: India exported 775,000 tons of sugar in the 2024 - 25 market year (October 2024 to September 2025). The largest export destination was Djibouti, with an export volume of 146,000 tons, followed by Somalia with 135,000 tons and Sri Lanka with 134,000 tons [9] 3. Data Overview - Data Graphs: The report presents multiple data graphs, including spot price trends, contract basis, price spreads, import profits, warehouse receipts, exchange rates, and trading positions of the top 20 seats of the main contract of Zhengzhou sugar, with data sources from Wind, Zhengshang Institute, and Jianxin Futures Research and Development Department [12][14][16]
白糖日报-20251016
Jian Xin Qi Huo·2025-10-16 02:03