Sign In
Join Czapp
EN
Analyst Insights Analyst Insights 区间震荡| – China Weekly 20th May 2019

May 20, 2019

1 min read

区间震荡| – China Weekly 20th May 2019

市场热点和观点   

 对原糖市场我们仍相对悲观。但短期内可能维持区间震荡。 

市场情绪偏空，4月上涨增持的多单似乎已经大部分离场。基本面而言本榨季供需基本平衡，但下榨季因蔗价维持高位持增产预期。但认为下行空间不大。利多方面关注干旱对云南蔗区影响，但目前评估对下榨季产量的影响仍为之过早。巴基斯坦糖已经到港清关，关注其对5月国产糖销售的影响。 

郑糖和纽约原糖价格走势 

干旱天气或影响下季产量 

  • 云南4月平均降雨量仅为过去三年均值的40%左右，各地降雨量大幅少于往年。 
  • 但主要降雨期集中在5月到9月，如果后期降雨正常可缓解目前干旱情况。 
  • 海南4月降雨量也大幅少于往年，但甘蔗产量占比不大，影响有限。 

· 广西和广东等甘蔗产区截至目前降雨位于正常区间。 

Sign Up For Your Free Account On Czapp

Want to receive free tailored notifications straight to your inbox?

Join Czapp

Rosa Li

Rosa graduated from Jinan University in 2012 with a bachelor’s degree in Marketing. Rosa joined Czarnikow in 2014 and has been an analyst for 7 years in our Guangzhou office managing the data capture, analysis and visualisation within the Chinese sugar markets utilising her skills in SQL, Python and VBA while also providing content for our platform Czapp. Rosa is also responsible for the localization of Czapp in China – Czapp WeChat, she also assists with the commercial marketing in China and works towards strategy with the trading team.

See More From This Author