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]

Core Viewpoint - The raw sugar market is experiencing a downward trend, with March contracts showing resistance at 15.30 cents and a focus on the support level at 14.80 cents in upcoming trading sessions [1] Market Performance - Domestic spot prices have resumed a slight decline, indicating weakness in the market, leading downstream buyers to adopt a wait-and-see approach for lower prices [1] - In the Liuzhou market, the contract price fell below the 5300 cents mark, forming a bearish pattern, suggesting that the downward pressure remains effective under the 5330 cents resistance level [1] Trading Dynamics - The trading volume for the 2605 sugar contract decreased, yet prices reached a recent low, reflecting a strong bearish sentiment in the market [1] - The breakdown below the 5220 cents support level indicates a continuation of the downward trend, with attention now shifting to the potential rebound strength at the 5180 cents level [1]