At present, the Chinese business center of a piece of paper for the new reserve Membership notification procedures led to the market sell for more and more urgent national reserve of sugar concerns, coupled with the National Day holiday approaching the need for risk control, pulled out a large number of capital markets, sugar futures prices sharply Zheng down. As of last Friday, Zheng main sugar contract to close at 4,556 yuan 1,005 / ton, down 1.92% the previous week, nearly 50,000 positions to reduce hand.
2008 years, the domestic sugar market countries to regulate the pattern of supply exceeding demand, a number of purchasing and storage of domestic sugar, but has not yet been auctioned. Despite the two year tender purchasing and storage businesses as a serious breach of contract has not been collected, but with Cuban raw sugar import policy, the current control by the state sugar reserves has reached 2.5 million tons. The previous period, authorities said the state is not committed to storage to hold onto during the year was a great rush to crack down on traders store goods, but for Sugar Fast rising mass market has to go abroad several times to put the rumors of sugar storage. Therefore, even if the new crop season of domestic sugar production increased not restored, but the state is indeed a vast amount of inventory still retains the current stock of sugar traders are most concerned about.
However, the current 2009/2010 crop season of domestic sugar production is not yet clear, if not substantive Guangxi producing substantial increases in production, the national sugar market in 2010 will remain in short supply state, the cost of imported sugar as high as 5,500 yuan / ton in the case , the state will have to stabilize the supply and demand gap in the new crop season to maintain adequate reserves. From this perspective, even though the state has put reserve, will not put a great amount. If the latter part of the national release
did not really realize savings, demand and supply is tight later a slow recovery in sugar prices under the pressure of demands, but if the state really put storage issues such as market rumors, I believe that the amount will not release too much information The impact will be more like an advantage of this opportunity to do. We therefore judge put savings from the national point of view of rumors, especially the National Day holiday late rebound after the sugar high probability.
At the same time, external disk during the long holiday on the domestic impact of the volatility can not be ignored, especially since this year, tight domestic supply situation, Sugar City, enhanced interaction within and outside the disk, making it close to the domestic sugar market for the holiday to avoid when outside the plate risk will substantially lighten up in the recent phenomenon.
Domestic sugar market greatly enhance the relevance of
Recently, domestic sugar price trend shows the characteristics of enhanced interaction, the international sugar market volatility on the domestic sugar market prices suddenly increased influence, particularly in August, the international market price volatility into the domestic Zheng Sugar futures price changes, one of the most influential factors, and even spread to the domestic spot market.
Increased domestic sugar market relevance Zheng sugar market in 2006, experienced a very long time, to study the domestic price of sugar and an interactive relationship between the international price of sugar, we might as the most representative of the main producing areas of domestic spot price movements to compare.
As the main production areas of sugar, Sugar City, Guangxi since the market has formed the bulk of Guangxi, Liuzhou and Guangxi Sugar 3 Electronic Forward of the sugar market, the establishment of these markets so that the spot price of sugar in Guangxi and more market-oriented, including Nanning spot price of sugar into a more long-term market factors.
From the long-term trend, since 2001, the spot price of sugar and the international price of sugar Nanning correlation is 0.704, that it has some correlation. Taking into account the period of 2006, the domestic sugar market, we may be 9 since 2001, broken down into a few years time perspective.
Considered before and after 2006, Zheng sugar market situation, the two cities from 2001 to 2005 correlation 0.586, and after that for the 0.460, which was less than we got in front of relevance since 2001, that listed sugar Zheng before and after the relevant domestic price of sugar has not changed fundamentally. We re-split, found that 9 years, domestic and international sugar market real time occurrence of high relevance in effect in 2005? 2006, correlation as high as 0.907, before that, after the time of correlation were 0.294 and 0.156. I am China Crafts Suppliers writer, reports some information about neon underbody lighting , auto neon lighting.
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