格林大华期货早盘提示：白糖，红枣-20260121

Group 1: Report Industry Investment Ratings - The investment rating for the sugar in the agricultural, forestry and livestock sector is "Oscillating Weakly" [1] - The investment rating for the rubber series in the energy and chemical sector is "Oscillating" [5] Group 2: Core Views of the Report - For sugar, the external market of raw sugar is weak, affected by supply pressure from Thailand and India, and may maintain range - bound oscillations in the short term. The domestic sugar market is calm, and technically, the recent trend of Zhengzhou sugar is weak. It is recommended to adopt a high - selling and low - buying strategy [1] - For rubber series, natural rubber continues to be weak with insufficient support, and attention should be paid to weather and new policies. Synthetic rubber has a complex situation with both positive and negative factors, and the market may oscillate and consolidate [5] Group 3: Summary by Related Catalogs Sugar Market Quotes - On the previous day, the closing price of SR605 contract was 5183 yuan/ton, with a daily decline of 1.16%, and the night - session closed at 5188 yuan/ton. The closing price of SR609 contract was 5200 yuan/ton, with a daily decline of 1.14%, and the night - session closed at 5201 yuan/ton [1] Important Information - The spot price of white sugar in Guangxi was 5283 yuan/ton, down 23 yuan/ton. The quotation range of Guangxi sugar - making groups was 5290 - 5360 yuan/ton, down 10 - 20 yuan/ton. The quotation of Yunnan sugar - making groups was 5150 - 5190 yuan/ton, down 20 yuan/ton. The mainstream quotation range of processing sugar mills was 5700 - 5900 yuan/ton, with individual prices down 20 yuan/ton [1] - Brazil exported 143.66 million tons of sugar and honey in the first three weeks of January, a 9.09% increase from the same period last year, with an average daily export volume of 13.06 million tons [1] - As of January 17, 2025/26 sugar - crushing season, Thailand's cumulative sugar - cane crushing volume was 29.2643 million tons, a 16.09% decrease from the same period last year. The sugar content in sugar - cane was 11.95%, a 0.08% increase. The sugar - production rate was 9.790%, a 0.024% decrease. The sugar production was 2.8651 million tons, a 16.3% decrease [1] - The white - sugar warehouse receipts on the Zhengzhou Commodity Exchange were 14439, a daily increase of 313 [1] Trading Strategy - Hold the long - term short position of SR605 and pay attention to the range of 5100 - 5230 [1] Rubber Series Market Quotes - As of January 20, the closing price of RU2605 contract was 15620 yuan/ton, with a daily decline of 0.79%. The closing price of NR2603 contract was 12550 yuan/ton, with a daily decline of 0.83%. The closing price of BR2603 contract was 11585 yuan/ton, with a daily decline of 0.17% [5] Important Information - The price of raw - material glue in Thailand was 57.5 Thai baht/kg, and the price of cup - lump was 51.8 Thai baht/kg (- 0.38%). The price of Yunnan rubber blocks was 13200 yuan/ton [5] - As of January 18, 2026, the total inventory of natural rubber in bonded and general - trade areas in Qingdao was 5.849 million tons, a 2.94% increase from the previous period. The bonded - area inventory was 995,000 tons, a 6.42% increase, and the general - trade inventory was 4.854 million tons, a 2.26% increase [5] - The price of whole - latex was 15400 yuan/ton, a 0.65% decrease. The price of 20 - grade Thai standard rubber was 1880 US dollars/ton, a 1.05% decrease, equivalent to 13161 yuan/ton in RMB. The price of 20 - grade Thai mixed rubber was 14750 yuan/ton, a 0.67% decrease [5] - The price difference between the main contracts of RU and NR was 3070 yuan/ton, a decrease of 20. The price difference between mixed - standard rubber and the main contract of RU was - 870 yuan/ton, an increase of 25 yuan/ton [5] - The delivery price of butadiene in the central Shandong region was about 9400 - 9600 yuan/ton, and the ex - tank self - pick - up price in East China was about 9050 - 9150 yuan/ton [5] - The market prices of cis - butadiene rubber and styrene - butadiene rubber declined. The price of Daqing BR9000 in the Shandong market dropped by 100 yuan/ton to 11550 yuan/ton, and the price of Qilu styrene - butadiene 1502 in the Shandong market dropped by 200 yuan/ton to 11900 yuan/ton [5] Trading Strategy - Pay attention to the support near the lower moving average for the rubber series in the near term, and the medium - and long - term strategy is still mainly to buy at low prices [5]