7月进口放量,价格能否企稳? | China Weekly 27th August 2019

  • 得益于销售节奏的加快,目前国内糖厂的资金压力大有缓解,利于现货价格企稳。
  • 根据泰国7月出口数据,走私方面仍然维持地量,利好市场。
  • 7月食糖进口放量意味着加工糖供应的放量,需关注8月销售数据,以及基本面变化对价格的影响。

市场热点回顾  

   

ZCE & ICE 期货价走势  

  • 得益于现货销售节奏良好的支撑,上周ZCE郑糖价格持稳在5500元。
  • 这周需关注7月进口放量的影响下,价格能否企稳目前水平。
  • 而受压于全球库存高位,ICE纽约原糖价格仍然位徘徊在12美分以下。

  

进口利润 & 供应节奏  

  • 如上周预期,7月进口放量,其中原糖进口37万吨。1-7月原糖累计进口约131万吨。
  • 除了42.7万吨古巴糖仍等待加工投放,相信其余大部分已经清关并陆续加工。
  • 进口量最大的是大连口岸,约25万吨(不含古巴糖),成为目前加工糖的主要供应源。

  

食糖现货升水走势  

  • 目前广西产一级白砂糖的现货升水在200元水平波动。

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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.

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