格林大华期货早盘提示：白糖，红枣，橡胶系-20260317

Report Industry Investment Ratings - The investment ratings for different sectors are as follows: sugar is rated as "oscillating" [1]; jujube is rated as "oscillating" [3]; rubber series (including natural rubber and synthetic rubber) are rated as "oscillating" [4]. Core Views - The report analyzes the market conditions of sugar, jujube and rubber series, including price trends, important information and market logic, and provides corresponding trading strategies [1][3][4]. Summary by Related Catalogs Sugar - 行情复盘: SR605 contract closed at 5472 yuan/ton yesterday with a daily increase of 0.46%, and closed at 5428 yuan/ton at night; SR609 contract closed at 5501 yuan/ton with a daily increase of 0.33%, and closed at 5455 yuan/ton at night [1]. - 重要资讯: ICE raw sugar main contract was 14.18 cents/pound yesterday with a daily decrease of 1.60%; Guangxi white sugar spot transaction price was 5426 yuan/ton, unchanged; 2025/26 sugar season in India, as of March 12, 2026, 154 sugar mills in Maharashtra state had stopped squeezing, 56 were still operating; as of March 15, the remaining operating sugar mills in India were 173, 27 less than the same period last year; Zhengshang Institute's white sugar warehouse receipts were 16342 yesterday, unchanged from the previous day [1]. - 市场逻辑: Overseas, ICE raw sugar weakened yesterday, affected by the decline in oil prices; domestically, Zheng sugar was strong yesterday but fell significantly at night. The domestic 25/26 sugar season's high - yield expectation is gradually being realized, and the domestic sugar supply - demand situation is neutral to bearish, but affected by geopolitical conflicts and capital rotation, the market anticipates cost increase and supply tightening, and there is strong support at the bottom [1]. - 交易策略: Take profit on long positions in batches, and pay attention to the activity range of 5350 - 5500 for SR605 [1]. Jujube - 行情复盘: CJ605 contract closed at 9070 yuan/ton yesterday with a daily decrease of 0.27%; CJ609 contract closed at 9445 yuan/ton with a daily decrease of 0.21% [3]. - 重要资讯: Last week, the physical inventory of 36 sample points was 11700 tons, 117 tons less than last week, a decrease of 0.99% month - on - month and an increase of 7.39% year - on - year; yesterday, the wholesale price of Hebei special - grade jujube was 9.21 yuan/kg, unchanged from the previous day; yesterday, the number of arrival vehicles at Guangdong Ruyifang Market was 2, 1 less than the previous day; yesterday, jujube warehouse receipts were 4027, unchanged from the previous day [3]. - 市场逻辑: The jujube trees in Xinjiang are still in the dormant stage, and there is a lack of supply - side news. Downstream merchants restock as needed, and prices are stable. The jujube futures price has been oscillating strongly recently. The current jujube fundamentals have limited trading information, and supply pressure is the main factor suppressing prices. Technically, the CJ605 contract is in an upward channel but is under obvious pressure above [3]. - 交易策略: Short at high prices; enterprises can consider selling hedging operations [3]. Rubber Series Natural Rubber - 行情复盘: As of March 16, the main contract of RU closed at 16870 yuan/ton with a daily increase of 0.63%; the main contract of NR closed at 13495 yuan/ton with a daily increase of 1.31% [4]. - 重要资讯: Yesterday, the price of Thai raw material glue was 72.3 baht/kg, cup glue was 58.2 baht/kg; as of March 15, 2026, the total inventory of natural rubber in Qingdao was 67.76 tons, a decrease of 0.28 tons from the previous period, a decrease of 0.42%; the price of whole latex was 16700 yuan/ton, 20 - grade Thai standard was 2020 US dollars/ton, equivalent to 13950 yuan/ton; the price difference between RU and NR main contracts was 3375 yuan/ton, 70 yuan/ton less than the previous day [4]. - 市场逻辑: Overseas production areas are gradually entering the shutdown period, and the initial production in Yunnan is limited, so there is still support on the supply side. The overall inventory of natural rubber has decreased slightly, and the inventory inflection point may be approaching, but the de - stocking speed is relatively slow. Geopolitical situation overseas is the most uncertain factor affecting the overall operation of commodities. Technically, natural rubber is still in an upward channel [4]. - 交易策略: Hold long positions in RU and NR in the short - term [4]. Synthetic Rubber - 行情复盘: The main contract of BR closed at 15700 yuan/ton yesterday with a daily decrease of 0.16% [4]. - 重要资讯: Yesterday, the delivery price in the central Shandong area was 15000 - 15100 yuan/ton, and the ex - tank self - pick - up price in East China was about 15350 - 15500 yuan/ton; the price of butadiene rubber was stable, and the price of styrene - butadiene rubber in the Shandong market decreased [4]. - 市场逻辑: BR was oscillating at a high level yesterday. The news of butadiene exports supports the price, but downstream acceptance is limited, and poor trading restricts the upward trend. Affected by high raw material prices, some private butadiene rubber suppliers have reduced production. Due to the overseas situation, merchants are reluctant to sell and are bullish, but the unpredictable war situation may make the price fluctuate widely at a high level [4]. - 交易策略: Consider taking partial profit on long positions in BR [4].