白糖数据日报-20251209

Report Title - The report is titled "Sugar Data Daily" [3] Report Information - The report is from ITG Guomao Futures, with investment consulting business qualification approved by the China Securities Regulatory Commission (License No. [2012] 31) [2] - The analyst is Xie Wei, with a futures practice qualification certificate number of F03087820 and an investment consulting certificate number of Z0019508 [4] Core View - Currently, there is a global surplus of sugar and an increase in domestic new - crop supply, with a strong consensus among short - sellers. If the futures price continues to fall, there is strong cost support below, but the short - term fundamentals lack continuous driving force. Attention should be paid to changes in the capital side. If the near - month contracts show a rebound with reduced positions, it may indicate the establishment of a stage bottom [4] Data Summary Domestic Spot Data - In Nanning Warehouse, Guangxi, the price on December 8, 2025, was 5505, with a change of 0, a basis of 168 against SR2601, and a change of - 34 in the basis [4] - In Rizhao, Shandong, the price was 5700, with a change of 0, a premium of 100, a basis of 263 against SR2601, and a change of - 34 in the basis [4] Domestic Futures Data - SR01 was at 5337, up 34; the spread between SR01 and SR05 was 93, up 23 [4] - SR05 was at 5244, up 11 [4] International Exchange Rate and Futures Data - The RMB - US dollar exchange rate was 7.0866, down 0.0033 [4] - The Brazilian real - RMB exchange rate was 1.2818, up 0.0212 [4] - The Indian rupee - RMB exchange rate was 0.084, down 0.0004 [4] - The ICE raw sugar main contract was at 14.82, unchanged [4] - The London white sugar main contract was at 573, up 3 [4] - The Brent crude oil main contract was at 63.86, unchanged [4]