Core Viewpoint - The raw sugar market is experiencing a rebound, with March contracts showing a small upward trend, indicating potential for further price movements and testing of support levels [1] Market Analysis - The domestic spot prices remained stable, supported by a rebound in the wholesale market, which is expected to positively influence short-term inventory reduction [1] - In the Liuzhou market, the contract tested the support level of 5180, leading to a significant price movement upwards, attributed to year-end adjustments and a reduction in order volumes [1] Technical Indicators - The sugar contract 2605 successfully challenged the 5170 level, indicating the formation of a buying signal at 5120, with the next focus on testing the support at 5150 [1] - The market is closely monitoring the performance around the 5185 support level, as a rebound above this point would suggest that buying pressure remains intact [1]

Core Viewpoint - Raw sugar prices have experienced a rebound followed by a decline, with the March contract closing in a bearish pattern, indicating a potential test of the 14-cent support level [1] Market Performance - Domestic spot prices continue to decline, with new sugar prices dropping nearly 300 points, reflecting weak market transactions and sustained old sugar inventory supporting demand [1] - The Liuzhou market's 26013 order contracts are consistently falling, reaching new recent lows, indicating significant selling pressure [1] Technical Analysis - Attention should be paid to the thickness of the 5205 resistance level; if this resistance holds, it suggests a high level of stop-loss acceptance among buyers, impacting the ongoing decline of the 26053 order [1] - The 2605 contract should focus on the performance of the 5110 resistance; if this resistance remains intact during a reduction in positions, it indicates new short positions are being taken, reinforcing a bearish sentiment [1] - If the 5095 gap resistance proves effective, there may be a short-term impact on the 5030 support level [1]

Group 1 - The core viewpoint of the article indicates that raw sugar prices are experiencing a downward trend, with the March contract closing below the support level of 14.80 cents for two consecutive trading days, suggesting increased selling pressure in the market [1] - Domestic spot prices are showing a slight decline, leading to reduced transaction volumes, which is causing concern among downstream buyers and delaying any significant replenishment efforts [1] - The market in Liuzhou is witnessing a short-term breakdown followed by consolidation, primarily characterized by a corrective rebound from oversold conditions, with the 5250 level acting as a resistance reference [1] Group 2 - The trading volume of the 25053 contract has increased, finding temporary support at the 5200 level, indicating a critical moment for sellers at the 5230 resistance level [1] - The 2605 contract showed a reduction in open interest, suggesting that some short positions are being closed for profit, which has led to the formation of a trading range between 5120 and 5150 [1] - If the rebound fails to break through the 5185-5205 range, it would confirm the bearish divergence, indicating that bulls remain cautious about entering the market amid the current price discount [1]

Group 1 - The core viewpoint of the article indicates that raw sugar prices are experiencing a downward trend, with the March contract facing resistance at the 15-cent mark, suggesting a cautious market sentiment from both buyers and sellers [1] - Domestic spot prices are declining due to a lack of support from downstream replenishment, and as prices decrease, overall market momentum is also diminishing [1] - The upcoming New Year and Spring Festival may alter overall transaction dynamics, indicating a potential need for a catalyst to break the current market stalemate [1] Group 2 - In the Liuzhou market, the 26013 order contract opened lower but closed higher, with an increase in trading volume compared to the previous day, indicating short-term buying interest around the 5300 level [1] - The expectation of support around the 5280 level suggests a need for a rebound process to validate the effectiveness of the 5350 resistance level [1] - The 26010 contract for sugar is also confirming pressure at the 5350 resistance, indicating a weak spot market, which may lead to a breakdown of balance if the basis reaches zero [1]

Group 1 - The raw sugar market is experiencing fluctuations, with the March contract testing the support level of 14.80 cents and closing around 15 cents, indicating a strong short-term rebound due to a lack of negative news [1] - Domestic spot prices continue to decline, with new sugar in Guangxi dropping below the 5500 yuan mark, reflecting low market interest at this price level and leading to a weak oscillation as inventory is being consumed [1] - The market in Liuzhou shows a continuous decline in orders, with the daily high failing to reach the 5400 yuan mark, indicating significant upward resistance and a potential test of lower support levels [1] Group 2 - The sugar futures contract 2601 faced resistance at the 5405 yuan level, suggesting that bullish expectations have been adjusted downward, with a focus on the performance of the 5400 yuan support level [2] - The short-term bullish sentiment may need to consider profit-taking if the market fails to show strength in rebounding from the 5400 yuan level [2]

Group 1 - The core viewpoint indicates that raw sugar prices have experienced a rebound followed by a decline, with the March contract closing at 15.30 cents, facing strong resistance [1] - Domestic spot prices have seen a significant decrease, leading to a collapse of the previously stable support platform, indicating increased supply pressure on buyers [1] - The market in Liuzhou showed a trading pattern of opening lower and then declining, resulting in a long lower shadow on the daily candlestick, suggesting intense trading activity around key psychological support and resistance levels [1] Group 2 - The sugar contract 2601 is experiencing a continued reduction in open interest and a fluctuating trend, with expectations of strong resistance around 5430 as trading shifts into December [1] - Following a gap down in trading volume, attention will be on the potential rebound at 5405; if this rebound fails, the price may test the support level at 5345 [1]