• 尽管工业库存位于低位,新糖套保,放储预期和进口传闻仍然影响了多头信心。
  • 广西糖厂可能推迟至1120日后开榨,甘蔗糖上市或推迟,这将利好现货市场。

市场热点回顾

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ZCE & ICE 期货价走势

  • 国际市场原糖上周走势符合预期,13美分仍然是重要压力位,原因在于生产商仍有大量套保未完成。
  • 国内市场郑糖上周基本持平,尽管低库存支撑现货价格,但放储预期及新糖套保压力终止了价格涨势。
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食糖现货升水走势

  • 得益于库存偏紧,现货市场表现仍然坚挺,南华一级糖升水最高近450/吨,关注基差修复带动郑糖上涨。
  • 本周内新疆和内蒙糖厂预计全部开榨,目前价位可能刺激北方糖套保意愿。
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走私流维持地量

  • 随着现货价格持稳,沿海走私利润维持在约230美元/吨的较高水平。
  • 尽管走私利润较高,8月走私仍然维持地量,这意味着边境管控、打击走私维持高强度。
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工业库存与进口undefined

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Rosa Li

Rosa graduated from Jinan University in 2012 with a bachelor’s degree in Marketing. Rosa joined CZ 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 CZ App. Rosa is also responsible for the localization of CZ App in China – CZ App WeChat, she also assists with the commercial marketing in China and works towards strategy with the trading team.

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