白糖数据日报-20251117

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - With the approaching of the new crop in the Northern Hemisphere and the listing of domestic cane sugar, Zhengzhou sugar is expected to be mainly oscillating weakly [4]. - On the import supply side, the current import volume of raw sugar is relatively large, the pressure of imported sugar arriving at ports is gradually being released, and the import cost is between 5300 - 5400, which suppresses the futures market [4]. - On the domestic supply side, Yunnan sugar mills started the first pressing two days ago, and Guangxi sugar mills are expected to start concentrated pressing in mid - to late November, which may create new selling pressure [4]. - However, the current futures market is close to the domestic sugar - making cost, and the futures market is expected to show a resistant decline before the listing of domestic new sugar [4]. Group 3: Summary by Relevant Catalog Domestic Data - In Nanning Warehouse, Guangxi, the price is 0, with a change of 0, and the basis to 2601 is - 5470, with a change of 42 [4]. - In Rizhao, Shandong, the price is 5860, with a change of 0, the premium is 100, and the basis to 2601 is 290, with a change of 42 [4]. - SR01 is at 5470, down 42; SR05 is at 5404, down 29; SR01 - 05 is 66, down 13 [4]. - The exchange rate of RMB against the US dollar is 7.114, down 0.0176 [4]. International Data - 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]. - The ice raw sugar main contract is at 14.85, up 0.42; the London white sugar main contract is at 573, up 3; the Brent crude oil main contract is at 64.29, up 1.18 [4].