Zheng sugar main SR1105 contract continues to rise, boosted by the US raw sugar soaring, the short-term rising momentum is difficult to change, intraday short-term traders can still hold a small amount of more than a single bargain, long-term more than a single continue to hold, empty single temporary leave to wait and see.
ã€Reviews】
On Friday, most varieties in the commodity market oscillated intraday, and the agricultural product sector was in a strong trend. Among them, Zheng cotton and Zheng sugar were gaining strength. Zheng sugar opened higher and higher the day before yesterday. Zheng sugar main contract SR1105 opened sharply in early trading to pull up, the intraday intraday 5620 fluctuated within a narrow range, after midday continued to rise, the late shocks remain high. By the close of the trading day, the SR1101 closed at 5,542 yuan/ton, up 71 points, lightening up 10,000 holdings to 236,000 contracts, with a turnover of 150,000 contracts. By the close of the trading day, the SR1105 closed at 5,649 yuan/ton, up 85 points, and Masukura had 29,000 holdings to 717,000 contracts, with a turnover of 1.74 million contracts.
The funds recently made a big issue in the subject matter and pushed the agricultural products sector more strongly. In addition to the U.S. corn, the raw sugar became a big push for the fund. On Friday, the U.S. raw sugar hit a record high, pushing the price up to 23.30. Minutes or so. The main October contract closed at 22.73 cents, or 72 points, and the March contract closed at 21.71 cents, or 56 points.
ã€Market Analysis】
Zheng sugar main contract SR1105 closed out on the Yang Xian, the open interest has increased. SR1105 technically MACD DIFF and DEA direction down, K, D double high "cross", technical indicators show that the shock higher. Changes in positions, SR1105 contract positions before the 20 main single more than a single 250,751 hands, empty single 196,308 hands. Wanda reduced its holding of more than 3,963 hands, Pearl River increased its holdings of more than 11,000 contracts, and COFCO and Yongan reduced 1403 and 2,191 contracts. In terms of inventory, the number of white sugar warehouse receipts was 10,438, a decrease of 118 from the previous trading day and 36 valid warehouse receipts.
In terms of spot, the spot price quoted throughout the major producing areas remained stable on Friday. Nanning: 5700-5730 yuan / ton, down 10 yuan / ton. Liuzhou: 5670-5680 yuan / ton, up 10 yuan / ton. Kunming: 5560-5580 yuan / ton, steady. Zhanjiang: 5750 yuan / ton, steady. Urumqi: 5440-5600 yuan / ton, steady.
ã€Overview】
Last week, the domestic and foreign sugar market continued its strong pattern, and the price center of gravity continued to be pushed up. US raw sugar broke the 22-cent line and the fund continued to be a polysaccharide market. Domestic sugar prices remained strong in the short-term. Last week, China's eighth batch of state reserve sugar sold, 243,214.19 tons of all transactions, the highest transaction price of 5,750 yuan / ton, the lowest transaction price of 5,560 yuan / ton, the average transaction price of 5,559.35 yuan / ton, a hit the previous national reserve sugar auction The new high, higher than the higher price of 200 yuan, throwing storage prices remain high, the spot is still relatively tight short-term. Short-term strategic still need to wait, Zheng sugar short-term rally prices can look forward to.
Domestic: China General Administration of Customs announced preliminary statistics on September 10 that China's sugar exports in August 2010 were 4,739 tons, which was a decrease of 3.77% compared with 4,925 tons in July. From January to August 2010, China's sugar exports totaled 66,824 tons, an increase of 50.9% from 44,283 tons in the same period of 2009.
International: According to the data released by Brazilian company Williams Shipping on Thursday, as of Wednesday, the number of vessels waiting to ship sugar in Brazil’s ports in the next few days and weeks is expected to decrease by 6 to 108. The amount of sugar waiting for shipment at the port has increased significantly. reduce. The number of boats waiting for the port of Paranagua in southern Brazil is 28, down from 31 in the previous week. Due to the large number of exports, the Brazilian ports have been in a state of congestion for a long time.
ã€Reviews】
On Friday, most varieties in the commodity market oscillated intraday, and the agricultural product sector was in a strong trend. Among them, Zheng cotton and Zheng sugar were gaining strength. Zheng sugar opened higher and higher the day before yesterday. Zheng sugar main contract SR1105 opened sharply in early trading to pull up, the intraday intraday 5620 fluctuated within a narrow range, after midday continued to rise, the late shocks remain high. By the close of the trading day, the SR1101 closed at 5,542 yuan/ton, up 71 points, lightening up 10,000 holdings to 236,000 contracts, with a turnover of 150,000 contracts. By the close of the trading day, the SR1105 closed at 5,649 yuan/ton, up 85 points, and Masukura had 29,000 holdings to 717,000 contracts, with a turnover of 1.74 million contracts.
The funds recently made a big issue in the subject matter and pushed the agricultural products sector more strongly. In addition to the U.S. corn, the raw sugar became a big push for the fund. On Friday, the U.S. raw sugar hit a record high, pushing the price up to 23.30. Minutes or so. The main October contract closed at 22.73 cents, or 72 points, and the March contract closed at 21.71 cents, or 56 points.
ã€Market Analysis】
Zheng sugar main contract SR1105 closed out on the Yang Xian, the open interest has increased. SR1105 technically MACD DIFF and DEA direction down, K, D double high "cross", technical indicators show that the shock higher. Changes in positions, SR1105 contract positions before the 20 main single more than a single 250,751 hands, empty single 196,308 hands. Wanda reduced its holding of more than 3,963 hands, Pearl River increased its holdings of more than 11,000 contracts, and COFCO and Yongan reduced 1403 and 2,191 contracts. In terms of inventory, the number of white sugar warehouse receipts was 10,438, a decrease of 118 from the previous trading day and 36 valid warehouse receipts.
In terms of spot, the spot price quoted throughout the major producing areas remained stable on Friday. Nanning: 5700-5730 yuan / ton, down 10 yuan / ton. Liuzhou: 5670-5680 yuan / ton, up 10 yuan / ton. Kunming: 5560-5580 yuan / ton, steady. Zhanjiang: 5750 yuan / ton, steady. Urumqi: 5440-5600 yuan / ton, steady.
ã€Overview】
Last week, the domestic and foreign sugar market continued its strong pattern, and the price center of gravity continued to be pushed up. US raw sugar broke the 22-cent line and the fund continued to be a polysaccharide market. Domestic sugar prices remained strong in the short-term. Last week, China's eighth batch of state reserve sugar sold, 243,214.19 tons of all transactions, the highest transaction price of 5,750 yuan / ton, the lowest transaction price of 5,560 yuan / ton, the average transaction price of 5,559.35 yuan / ton, a hit the previous national reserve sugar auction The new high, higher than the higher price of 200 yuan, throwing storage prices remain high, the spot is still relatively tight short-term. Short-term strategic still need to wait, Zheng sugar short-term rally prices can look forward to.
Domestic: China General Administration of Customs announced preliminary statistics on September 10 that China's sugar exports in August 2010 were 4,739 tons, which was a decrease of 3.77% compared with 4,925 tons in July. From January to August 2010, China's sugar exports totaled 66,824 tons, an increase of 50.9% from 44,283 tons in the same period of 2009.
International: According to the data released by Brazilian company Williams Shipping on Thursday, as of Wednesday, the number of vessels waiting to ship sugar in Brazil’s ports in the next few days and weeks is expected to decrease by 6 to 108. The amount of sugar waiting for shipment at the port has increased significantly. reduce. The number of boats waiting for the port of Paranagua in southern Brazil is 28, down from 31 in the previous week. Due to the large number of exports, the Brazilian ports have been in a state of congestion for a long time.
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