Group 1: Sugar Core View - Current fundamental factors provide upward momentum for sugar, but the expected global production surplus has decreased. International raw sugar is still pressured by the previous support level of 14 cents, so the rebound space is limited [3] Sugar Futures Prices and Spreads - SR01 closed at 5503 yuan/ton, with a daily increase of 0.73% and a weekly increase of 0.71%; SR03 closed at 5345 yuan/ton, with a daily increase of 0.56% and a weekly increase of 1.17%; SR05 closed at 5371 yuan/ton, with a daily increase of 0.77% and a weekly increase of 0.88%; SR07 closed at 5382 yuan/ton, with a daily increase of 0.71% and a weekly increase of 0.9%; SR09 closed at 5384 yuan/ton, with a daily increase of 0.71% and a weekly increase of 0.92%; SR11 closed at 5394 yuan/ton, with a daily increase of 0.67% and a weekly increase of 0.86%; SB closed at 13.71 cents/pound, with no daily change and a weekly decrease of 1.51%; W closed at 406.8, with a daily decrease of 0.46% and a weekly decrease of 0.46% [4] Sugar Basis - On March 5, 2026, the basis of Nanning - SR01 was -113 yuan/ton, with a daily decrease of 18 yuan/ton and a weekly decrease of 40 yuan/ton; the basis of Kunming - SR01 was -268 yuan/ton, with a daily decrease of 18 yuan/ton and a weekly decrease of 25 yuan/ton. Similar data are provided for other contracts [12] Sugar Import Price Changes - On March 6, 2026, the in - quota price of Brazilian sugar imports was 3910 yuan/ton, with a daily increase of 13 yuan/ton and a weekly decrease of 119 yuan/ton; the out - of - quota price was 4948 yuan/ton, with a daily increase of 17 yuan/ton and a weekly decrease of 155 yuan/ton. Similar data are provided for Thai sugar imports [15] Group 2: Cotton Core View - The domestic supply - demand situation for cotton this year remains tight, and there is still room for upward movement. However, the price difference between domestic and foreign cotton exerts pressure on the upside. Attention should be paid to the adjustment of the US foreign trade policy and the progress of US cotton exports. The recent escalation of the geopolitical conflict between the US, Israel, and Iran has limited impact on the cotton market fundamentals for now, but the sharp rise in crude oil prices has led to an increase in chemical fiber products, and the closure of the Strait of Hormuz may affect the export transportation of textile and clothing to Europe. The duration of the conflict should be monitored [17] Cotton and Cotton Yarn Futures Prices - Cotton 01 closed at 15660 yuan/ton, with an increase of 25 yuan/ton and a daily increase rate of 0.16%; Cotton 05 closed at 15295 yuan/ton, with an increase of 45 yuan/ton and a daily increase rate of 0.3%; Cotton 09 closed at 15345 yuan/ton, with an increase of 25 yuan/ton and a daily increase rate of 0.16%; Cotton yarn 01 closed at 0, with a decrease of 100%; Cotton yarn 05 closed at 21205 yuan/ton, with an increase of 150 yuan/ton and a daily increase rate of 0.71%; Cotton yarn 09 closed at 21210 yuan/ton, with an increase of 55 yuan/ton and a daily increase rate of 0.26% [18] Cotton and Cotton Yarn Spreads - The cotton basis was 1333 yuan/ton, with no change; Cotton 01 - 05 spread was 385 yuan/ton, with no change; Cotton 05 - 09 spread was -70 yuan/ton, with no change; Cotton 09 - 01 spread was -315 yuan/ton, with no change; The spread between cotton and yarn was 5845 yuan/ton, with no change; The price difference between domestic and foreign cotton was 4122 yuan/ton, with a decrease of 4 yuan/ton; The price difference between domestic and foreign yarn was 86 yuan/ton, with no change [18] Group 3: Apple Core View - The logic of the apple futures market continues to revolve around fundamental factors and short - term delivery issues. The weak short - term demand after the Spring Festival suppresses the market, but the delivery contradiction provides support, making the market prone to rise and difficult to fall [23] Apple Futures and Spot Prices - On March 6, 2026, AP01 closed at 8540 yuan/ton, with a daily decrease of 0.54% and a weekly increase of 2.69%; AP03 closed at 9267 yuan/ton, with a daily decrease of 1.83% and a weekly increase of 7.1%; AP04 closed at 9666 yuan/ton, with a daily decrease of 4.93% and a weekly increase of 1.23%; AP05 closed at 10316 yuan/ton, with a daily decrease of 4.06% and a weekly increase of 5.70%; AP10 closed at 8652 yuan/ton, with a daily decrease of 0.44% and a weekly increase of 2.38%; AP11 closed at 8500 yuan/ton, with a daily decrease of 0.48% and a weekly increase of 2.78%; AP12 closed at 8519 yuan/ton, with a daily decrease of 0.77% and a weekly increase of 2.31%. Spot prices of different apple varieties are also provided [24] Apple Spreads and Other Data - AP01 - 05 spread was -2167 yuan/ton, with a daily increase of 16.95% and a weekly increase of 48.63%; AP05 - 10 spread was 2063 yuan/ton, with a daily increase of 21.28% and a weekly increase of 59.55%; AP10 - 01 spread was 104 yuan/ton, with a daily decrease of 31.58% and a weekly decrease of 36.97%. The main contract basis was -620 yuan/ton, with a daily decrease of 23.93% and a weekly increase of 59.79% [24][25] Group 4: Red Dates Core View - The new planting season has not arrived yet, and the market focus is still on the demand side. After the Spring Festival, the downstream sales are mediocre, and the restocking is light. In the short term, due to the geopolitical conflict, market funds flow, and risk - aversion sentiment rises, but the driving force for red dates is limited. Under the overall loose domestic supply - demand situation, there is still pressure on the upside of red date prices, and they may maintain a low - level shock [32] Red Date Futures Spreads - The 01 - 05 spread, 05 - 09 spread, and 09 - 01 spread of red date futures are presented with their historical data and trends [33][35] Red Date Prices - The price trends of red dates in Xinjiang's main production areas and the wholesale prices of first - grade grey dates in main sales areas are provided [36]
软商品日报-20260306
Dong Ya Qi Huo·2026-03-06 10:49