白糖现货

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银河期货白糖日报-20250826
Yin He Qi Huo· 2025-08-26 12:36
白糖日报 2025 年 8 月 26 日 白糖日报 第一部分 数据分析 大宗商品研究所 农产品研发报告 研究员:刘倩楠 期货从业证号: F3013727 投资咨询证号: Z0014425 联系方式: liuqiannan_qh@china stock.com.cn | 期货盘面 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 期货 | | 收盘价 | 涨跌 | 涨跌幅 | 成交量 | 增减量 | 持仓量 | 增减量 | | SR09 | | 5,678 | -42 | -0.73% | 6,778 | 773 | 11,358 | -3568 | | SR01 | | 5,632 | -56 | -0.98% | 211,128 | 78039 | 366,130 | -1534 | | SR05 | | 5,599 | -47 | -0.83% | 9,113 | 5742 | 29,796 | 1240 | | 现货价格 | | | | | | | | | | 白糖 | | 柳州 | 昆明 | 武汉 | ...
白糖市场周报:现货价格下跌,拖累白糖期价-20250808
Rui Da Qi Huo· 2025-08-08 10:17
瑞达期货研究院 「2025.08.08」 白糖市场周报 现货价格下跌,拖累白糖期价 业务咨询 添加客服 关 注 我 们 获 目录 研究员:张昕 期货从业资格号F03109641 期货投资咨询从业证Z0018457 取 更 多 资 讯 1、周度要点小结 2、期现市场 3、产业情况 4、期权及股市关联市场 「 周度要点小结」 行情分析: 未来关注因素: 1、消费情况 2、巴西糖、印度糖出口 3 本周郑糖2601合约价格下跌,周度跌幅约0.84%。 国际方面,亚洲主要产糖国生产前景良好,以及巴西产量强劲迹象,全球供 应预期偏松,施压原糖价格。国内方面,配额外利润保持在相对高位,进口 压力释放。甜菜糖9月开榨,届时供应阶段性增加。需求端,夏季天气炎热, 食品饮料行业存有备货需求,冷饮等季节性消费回暖。库存方面,前期产销 进度良好,目前库存压力不大,但加工糖数量增加,导致去库存进程明显放 缓。新作方面,根据中国农业农村部发布食糖供需报告2025/26年度食糖产量 预计为1120万吨,同比微增4万吨,保持在近四年以来高位。总体来说,进口 预期增加,现货价格疲软,拖累白糖期价震荡偏弱运行,远月合约对应新榨 季供应。操作上建 ...
白糖日报-20250710
Yin He Qi Huo· 2025-07-10 12:17
Report Summary 1. Report Industry Investment Rating - Not provided in the report 2. Core View of the Report - Internationally, with Brazil approaching its supply peak, global sugar inventories are expected to enter an accumulation phase. The selling pressure after the new Brazilian sugar - cane crushing season has started will drag down the raw sugar price center. The expected increase in Brazilian production and the expected increase in sugar production in the Northern Hemisphere's new season will suppress the raw sugar price. Domestically, the fast sales - to - production ratio may support the sugar price, but the large - scale entry of imported sugar into the domestic market may drag down the sugar price. Considering the recent weak trend of raw sugar, the sugar price will maintain a weak operation in the short term [4]. - Raw sugar is expected to maintain a weak and oscillating trend in the short term due to the expected global supply - demand surplus, but there may be buying support at lower levels. In China, the faster - than - expected sales - to - production ratio supports the spot price, but due to the short - term weakness of raw sugar, the rising profit of out - of - quota imports, and the upcoming pressure of processed sugar supply, Zhengzhou sugar futures are expected to follow the raw sugar price passively [5]. 3. Summary by Relevant Sections 3.1 Data Analysis - **Futures Market**: For SR2509, the closing price was 5,805, up 26 (0.46%), with a trading volume of 163,903 (up 15.64%) and an open interest of 298,087 (up 3.77%); for SR2601, the closing price was 5,632, up 26 (0.46%), with a trading volume of 21,265 (up 20.44%) and an open interest of 107,409 (up 2.23%); for SR2511, the closing price was 5,690, up 21 (0.37%), with a trading volume of 23,328 (down 0.21%) and an open interest of 55,383 (up 2.26%) [3]. - **Spot Market**: The spot prices in different regions were as follows: 6120 in Liuzhou, 5895 in Kunming, 6040 in Nanning, 6150 in Bayuquan, 6135 in Rizhao, and 6410 in Xi'an. The price in Kunming increased by 30, and the price in Xi'an increased by 20. The basis in Liuzhou was 430, in Kunming was 205, in Nanning was 350, in Bayuquan was 460, in Rizhao was 445, and in Xi'an was 720 [3]. - **Monthly Spread**: The SR11 - SR01 spread was 58, down 5; the SR09 - SR11 spread was 115, up 225; the SR09 - SR01 spread was 173, unchanged [3]. - **Import Profit**: For Brazilian imports, the in - quota price was 4445, the out - of - quota price was 5682, with a spread of 438 compared to Liuzhou, 453 compared to Rizhao, and - 50 compared to the futures market. For Thai imports, the in - quota price was 4494, the out - of - quota price was 5694, with a spread of 426 compared to Liuzhou, 441 compared to Rizhao, and - 62 compared to the futures market [3]. 3.2 Market Outlook - **International**: Brazil's approaching supply peak will lead to global inventory accumulation. The new Brazilian crushing season's selling pressure and production increase expectations, along with the expected increase in the Northern Hemisphere's new - season production, will suppress the raw sugar price. Attention should be paid to Brazil's production progress and actual production increase [4]. - **Domestic**: The fast sales - to - production ratio supports the sugar price, but the large - scale entry of imported sugar and the weak raw sugar trend will drag down the domestic sugar price in the short term [4]. 3.3 Trading Strategies - **Single - side Trading**: Zhengzhou sugar futures will mainly follow the raw sugar price and maintain an oscillating trend in the short term [6]. - **Arbitrage**: Adopt a wait - and - see approach [7]. - **Options**: Use out - of - the - money ratio spread options [10].
银河期货白糖日报-20250624
Yin He Qi Huo· 2025-06-24 13:54
大宗商品研究所 农产品研发报告 白糖日报 2025 年 6 月 24 日 白糖日报 第一部分 数据分析 收盘价 涨跌 涨跌幅 成交量 增减幅 持仓量 增减幅 5,710 -11 -0.20% 171,885 -10.50% 349,073 -1.34% 5,744 - 6 -0.10% 1,817 -21.38% 11,080 -5.23% 5,597 -22 -0.39% 22,478 -26.02% 51,737 0.95% 柳州 昆明 湛江 南宁 鲅鱼圈 日照 西安 6090 5860 - 6040 6175 6160 6420 -10 -5 - -10 0 0 0 493 263 - 443 578 563 823 SR07-SR11 价差 涨跌 SR09-SR11 价差 涨跌 SR07-SR09 价差 涨跌 147 1 6 113 215 3 4 5 国别 ICE主力 升贴水 运费 配额内价格 配额外价格 与柳州价差 与日照价差 与盘面价差 巴西进口 16.52 -0.06 36.25 4395 5617 473 543.00 127 泰国进口 16.52 0.83 1 8 4431 5664 42 ...