On Tuesday, the main sugar contract 1605 bottom rebound, up 26 points to 5530, or 0.47%. Turnover enlarged to 1.772 million hand positions by 26,000 lots to 818,000 lots. After the early rapid rise of sugar recently has dropped slightly, but the range is limited, the strong 5450 below the support. Yiwu City From the sugar market fundamentals, the latter will continue to shock rise in sugar prices.

Reducing the supply of sugar to take the cattle to promote a solid foundation. First, the 2015/2016 crop season, most of the domestic main producing areas of sugar acreage substantially reduced, the national sugar acreage decrease of 14 percent year on year, domestic sugar production has become an established fact that the crop is expected to yield 9.5 million tons of sugar over the previous crop by 100 million tons. Secondly, climatic factors. Yiwu Market This year's arid climate and typhoon weather has caused great impact on the growth of the main producing areas of sugar, so sugar production this crop may exceed expectations. Third, in October the number of domestic sugar imports decreased. Narrowing the spread at home and abroad and countries to strengthen controls on imports of sugar, making imported sugar to the domestic sugar market efforts to reduce the impact.

Technically, Zheng sugar 1605, after the early rapid rise in the near future to stabilize the area down to 5450, short-term moving average (13 days, 60 days) to constitute a good support price outlook is expected to rise in the form of sugar shock will unfold. Yiwu Wholesale Market Operation proposed to continue to hold more than one pre, choose the new position below the 5500 intervention, stop 50, 5700 short-term goals.

Hide Comments | Add Comment