市场概述 | 恶劣天气尚未改变过剩局面

  • 印度和泰国的恶劣天气可能会在未来一个月内降低2019/20的产量预期。
  • 就泰国而言,本榨季过剩的食糖很可能会滚动至下榨季,这意味着下榨季大概率维持供过于求。
  • 就印度而言,高库存意味着除非下榨季大幅减产,否则仍然需要出口以减低库存。
  • 如果下榨季印度不出口食糖,这将改变食糖的过剩局面。
  • 然而,全球库存仍然很高,减少了买家涌入市场的需求。

5号白糖合约期货价

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