格林大华期货早盘提示白糖，红枣，橡胶系-20260324

1. Report Industry Investment Ratings - Sugar: Oscillation [1] - Jujube: Low - level oscillation [3] - Rubber: Oscillation for natural rubber, synthetic rubber, and 20 - grade rubber [4] 2. Core Views - Sugar: The external market of ICE raw sugar fell slightly due to the sharp drop in oil prices caused by the US president's remarks. The domestic sugar supply - demand structure is loose, but the potential support from the policy bottom and the strength of raw sugar provide some support. The upward space needs more real - world news. [1] - Jujube: The supply - side topic is lacking, and it has entered the off - season of demand. The inventory reduction is slow, and the supply - strong and demand - weak situation suppresses the price. It is expected to show an oscillating bottom - grinding market. [3] - Rubber: Natural rubber has seasonal shrinkage in Southeast Asia, but the inventory in Qingdao has increased again, and the fundamentals are weak. Synthetic rubber, especially BR, has a continuous increase in raw material costs, and it is expected to have a high - level wide - range oscillation. [4] 3. Summary by Variety Sugar - Market Performance: SR605 closed at 5453 yuan/ton with a daily increase of 0.26% and 5429 yuan/ton at night; SR609 closed at 5482 yuan/ton with a daily increase of 0.24% and 5460 yuan/ton at night. [1] - Important Information: ICE raw sugar was 15.52 cents/pound with a daily decrease of 0.7%. The spot price of Guangxi white sugar increased by 50 yuan/ton. The import volume of syrup and sugar pre - mixed powder from January to February increased by 31% year - on - year. India's sugar production increased by about 10.5% year - on - year. China's sugar import volume from January to February increased significantly year - on - year. [1] - Market Logic: The external market is affected by oil prices and geopolitical events. The domestic supply - demand structure is loose, but there is marginal support. [1] - Trading Strategy: Hold and observe long positions in Zhengzhou sugar. SR605 focuses on the range of 5300 - 5500 yuan/ton, with a warning support of around 5350 yuan/ton and a warning pressure of around 5460 yuan/ton. [1] Jujube - Market Performance: CJ605 closed at 8860 yuan/ton with a daily increase of 0.23%; CJ609 closed at 9260 yuan/ton with a daily increase of 0.27%. [3] - Important Information: The inventory of 36 sample physical warehouses decreased by 1.37% week - on - week and increased by 5.60% year - on - year. The wholesale price of Hebei special - grade jujube decreased by 0.03 yuan/kg. The number of arrival vehicles in Guangdong Ruyifang Market decreased by 4. [3] - Market Logic: The supply - side topic is lacking, and it has entered the off - season of demand, with slow inventory reduction and a supply - strong and demand - weak situation. [3] - Trading Strategy: Short on rallies. [3] Rubber - Market Performance: RU closed at 16145 yuan/ton with a daily increase of 0.91%; NR closed at 13055 yuan/ton with a daily increase of 1.48%; BR closed at 17470 yuan/ton with a daily increase of 9.29%. [4] - Important Information: The price of Thai raw material glue and cup glue, the price of Yunnan glue, and the inventory in Qingdao increased. The prices of synthetic rubber such as BR and SBR increased significantly. [4] - Market Logic: Natural rubber has seasonal support but weak fundamentals due to inventory increase. Synthetic rubber has rising raw material costs and a high - level wide - range oscillation is expected. [4] - Trading Strategy: Observe or try long positions for RU and NR near the support; hold long positions in BR or use options for hedging. [4]