SunSirs: Tight Supply, China Sugar Prices is Rising

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average price of domestic first grade white sugar at the beginning of the week was 7,246 RMB/ton, and the average price of domestic first grade white sugar at the weekend was 7,254 RMB/ton, with a price increase of 0.11% and a price increase of 24.55% compared to the same period last year.

At present, China has entered the late stage of the squeezing season and is in the stage of pure sales and destocking. The production and sales rate in the production area is high, and there is a strong willingness to increase spot prices. However, the overall demand at the end of the year is not as expected. Currently, the sales volume in the sales area is average, and the demand in the second half of the year may be better than in the first half due to the peak season of summer and Spring Festival stocking. The industrial inventory of domestic sugar factories is at a low level, and the downstream and terminal inventory are also at a low level as a.

In the second half of July, the central and southern regions of Brazil produced 3.681 million tons of sugar, an increase of 373,000 tons from 3.308 million tons in the same period last year, with a year-on-year increase of 11.29%. The increase in supply has put pressure on the phased trend of international sugar prices, with limited upward space.

Overall, terminal consumption is lower than expected, but after the summer peak season, it is expected to be at least stronger seasonally than in the first half of the year, and white sugar is expected to fluctuate mainly at high levels.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

7.17-8.17

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SunSirs: The Narrow Range and Strong Trend of Rapeseed Meal is the Main Trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of rapeseed meal on August 10th was 3,966 RMB/ton, and on August 17th, the average market price of rapeseed meal was 4,026 RMB/ton, with an increase of 1.51% during the period.

Recently, the trend of rapeseed meal has been mainly narrow and strong. The US Department of Agriculture's August supply and demand report lowered Canada's rapeseed production this year, and Canada's rapeseed exports were strong, leading to an increase in the cost of adding seeds, which is beneficial for domestic rapeseed meal prices; Starting from June, the quantity of imported rapeseed is expected to decrease. In addition, due to the impact of a brief strike by Canadian workers from August to September, the arrival of imported rapeseed in Hong Kong is delayed, and domestic rapeseed meal production is expected to decrease; Aquaculture is still in peak season, and the demand for rapeseed meal is still in demand. As the temperature gradually cools down, the demand for rapeseed meal weakens.

In terms of soybean meal: According to the monitoring of the commodity market analysis system of SunSirs, the average market price of soybean meal on August 10th was 4,672 RMB/ton, and on August 17th, the average market price of soybean meal was 4,800 RMB/ton, with an increase of 2.74% during the period. The tightening of customs quarantine policies has led to a decrease in the amount of imported soybeans entering the warehouse, a tightening of soybean meal supply, and an increase in soybean meal prices, which is beneficial for rapeseed meal.

With the decrease in temperature, the demand for aquaculture in the north gradually weakens, and there is limited room for the rise of rapeseed meal. The supply of rapeseed meal in China is relatively tight, with a narrow range and strong trend in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.