软商品日报-20260130

Group 1: Report Overview - The report is a soft commodity daily report dated January 30, 2026, covering sugar, cotton, apple, and jujube [1] Group 2: Sugar Market Core View - Current domestic sugar demand is average, and yesterday's spot price rose due to the increase in futures prices. Short - term futures price increases are mainly affected by the capital side as foreign capital has significantly reduced short positions [3] Price and Spread Data - Sugar futures prices: SR01 closed at 5357 with a daily decline of 0.02% and a weekly increase of 1.08%; SR03 closed at 5255 with a daily decline of 0.17% and a weekly increase of 1.35%, etc. [4] - Sugar futures spreads: SR01 - 05 was 101, down 20 from the previous day and 17 from the previous week; SR05 - 09 was - 12, down 1 from the previous day and up 8 from the previous week, etc. [4] Basis Data - Sugar basis: For example, on January 29, 2026, the basis of Nanning - SR01 was - 88, down 50 from the previous day and 72 from the previous week; the basis of Kunming - SR01 was - 203, down 50 from the previous day and 87 from the previous week [11] Import Price Data - Sugar import prices: On January 30, 2026, the in - quota price of Brazilian sugar imports was 4027, down 30 from the previous day and 5 from the previous week; the out - of - quota price was 5100, down 39 from the previous day and 7 from the previous week [15] Group 3: Cotton Market Core View - Current domestic downstream yarn mills have poor profits, but the overall inventory pressure is not large. Xinjiang yarn mills are operating at high loads, supporting the rigid consumption of cotton. Cotton prices are likely to rise under the tight - balance expectation, but the upward movement of Zhengzhou cotton is restricted by the internal - external price difference in the short term. It is recommended to build long positions on pullbacks rather than chasing the rise. Future attention should be paid to downstream import situations and new order trends [17] Price and Spread Data - Cotton and cotton yarn futures prices: Cotton 01 closed at 15160, down 185 (1.21%); Cotton 05 closed at 14670, down 240 (1.61%); etc. [18] - Cotton and cotton yarn spreads: The cotton basis was 1513, up 320; the spread of cotton 01 - 05 was 490, up 55; etc. [18] Group 4: Apple Market Core View - Recent apple demand has slowed down, and the spot price has weakened, but the futures market is relatively strong. The reduction of short positions in near - month contracts has driven the price up, and the long - position power in the main contract has increased. Future attention should be paid to whether the logic of the shortage of delivery products can return to the market [23] Price Data - Apple futures prices: AP01 closed at 8157, down 1.62% daily and 0.72% weekly; AP03 closed at 9559, down 0.78% daily and up 0.5% weekly, etc. [24] - Apple spot prices: For example, the price of Qixia first - and second - grade 80 was 4, with 0% daily and weekly changes [24] Group 5: Jujube Market Core View - The production of jujubes in the 2025/2026 season has been determined. The market focus is on the change in demand. As the Spring Festival approaches, downstream buyers are mainly making rigid - demand replenishments. The short - term jujube price may maintain a low - level shock. In the medium and long term, the overall supply - demand of domestic new - season jujubes is loose, and the price will still be under pressure [29]