白糖数据日报-20251024

Report Summary 1. Report Industry Investment Rating - No investment rating information relevant to the industry is provided in the report. 2. Core View - In the short - term, due to the adverse impact of consecutive typhoons around the National Day on sugarcane harvesting and production in South China, along with the seasonal supply gap between old and new crops after the holiday, there is a driving force for sugar prices to be seasonally strong. In the medium - term, considering the favorable rain and heat conditions in the southern main sugar - producing areas this year and the good growth of sugarcane, the rebound space of sugar prices is expected to be limited after the new sugar is listed [3][4]. 3. Summary by Related Catalog Domestic Sugar Price and Futures Data - Spot Prices: In Guangxi (Nanning Warehouse), the price is 5790 yuan/ton, down 10 yuan; in Yunnan (Kunming), it's 5730 yuan/ton, unchanged; in Yunnan (Dali), 5575 yuan/ton, unchanged; in Shandong (Rizhao), 5870 yuan/ton, unchanged [4]. - Futures Prices: SR01 is 5457 yuan, up 31 yuan; SRO5 is 5408 yuan, up 25 yuan; the spread between SR01 - 05 is 49 yuan, up 6 yuan [4]. Exchange Rate and International Commodity Data - Exchange Rates: The exchange rate of RMB against the US dollar is 7.1424, up 0.0008; 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 Commodity Prices: The ice raw sugar主力 is 15.13, unchanged; the London white sugar主力 is 573, up 3; the Brent crude oil主力 is 64.35, unchanged [4].