软商品日报-20260304

Group 1: Report Overview - The report is a soft commodity daily report dated March 4, 2026, covering sugar, cotton, apple, and date markets [1] Group 2: Sugar Market Core View - Current fundamental factors provide upward momentum for sugar, but the rebound is limited due to international raw sugar being pressured by the previous 14 - cent support level [3] Market Data - Sugar futures prices: SR01 closed at 5445 with a - 0.06% daily change and a 0.93% weekly change [4] - Sugar basis data: For example, on March 3, 2026, the basis of Nanning - SR01 was - 98, with a daily increase of 32 and a weekly decrease of 68 [12] - Sugar import prices: On March 4, 2026, the in - quota price of Brazilian imports was 3964, with a daily decrease of 16 and a weekly increase of 107; the out - quota price was 5018, with a daily decrease of 22 and a weekly increase of 140 [15] Group 3: Cotton Market Core View - The domestic cotton supply - demand situation for this year remains tight, leaving room for price rebound. However, the price is limited by the domestic - foreign cotton price difference. Attention should be paid to US foreign trade policy adjustments and US cotton export progress. The recent geopolitical conflict between the US, Israel, and Iran has limited impact on the cotton market fundamentals for now [17] Market Data - Cotton and cotton yarn futures prices: Cotton 01 closed at 15565, down 75 (- 0.48%); cotton yarn 09 closed at 21110, up 20 (0.09%) [18] - Cotton and cotton yarn spreads: The cotton basis was 1376, down 30; the cotton 01 - 05 spread was 385, down 20 [18] Group 4: Apple Market Core View - The apple futures market is influenced by fundamentals and short - term delivery issues. Post - holiday short - term demand weakness suppresses the market, but delivery contradictions support it, making the price more likely to rise than fall [23] Market Data - Apple futures and spot prices: On March 4, 2026, AP01 closed at 8596, up 0.8% daily and 3.47% weekly; the price of Qixia first - and second - grade 80 apples was 4, with no daily or weekly change [24] - Apple spreads and basis: AP01 - 05 was - 1755, with a 23.07% daily increase and a 23.68% weekly increase; the main contract basis was - 783, with a 75.17% daily increase and a 204.67% weekly increase [24] Group 5: Date Market Core View - The production of dates in the 2025/2026 season is confirmed, and the market focus has shifted to demand changes. The overall supply - demand pattern of domestic dates is loose, and the short - term date price will face downward pressure and may maintain low - level fluctuations [32] Market Data - Date futures spreads: The 01 - 05 spread has shown certain trends in historical data [33] - Date price trends: The prices in Xinjiang's main production areas and main sales areas have their own trends over time [36]