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In the 2009/2010 crop season the occasion of the production coming to an end, the domestic producing severe drought continues, the international Sugar But a sharp decline, the trend could face into the bear market. In this situation, China sugar market facing international pressure on sugar prices fell, while continuing production cuts by domestic support, the two sides compete under the domestic price of sugar will enter oscillation pattern. Been since early February, ICE11 number several times the impact of raw sugar on the price of 30 cents / lb after unsuccessful resistance here, there a rapid decline in market madness. The domestic sugar market despite tight supply and demand is expected to support, but a continuous decline in sugar prices in the international situation, the market is very difficult to get a hair up point, Zheng continued to maintain sugar in 5300? 6,000 yuan / tons of cabinet vibration order. Two days, the international sugar price declines accelerating state, bears signs of great change, the domestic sugar market situation are enormous. Long fund massive sell-off, the international price of sugar increases the callback deep The international price of sugar has declined since early February, a continuous decline up to 6 weeks long, from early highs as much as 10 cents, a drop of up to 35%. In late February, the International Sugar Organization ISO International sugar supply and demand gap is expected to be raised to 9.4 million tons, while its forecast before the gap in the 7.6 million tons. However, ISO believes that if the weather is normal, 2010/2011 crop season will be the world sugar market is likely once again to excess, the excess amount may be 1 million tons. Meanwhile, BNP Paribas that the 2009/2010 crop season pick-up in global sugar production is not sufficient to fill the gap, can not supplement declining stocks, estimated global inventories will drop to 27 million tons, the lowest level since 1997. But the cuts have been expected to hesitate in this city of digestion, market attention is gradually turning 2010/2011 annual output, in particular with the south-central region of Brazil the production phase, after the new crop season. With the funds continue to open more than one international price of sugar fell sharply. CFTC fund position shows early February First Tuesday, ICE11 raw sugar No. 45 816 Fund has reached more than one hand position, which is the current international price of sugar fell so quickly the most direct reason. With the decline in international sugar prices, the market shifted focus more countries in 2010/2011 up annual production to resume. Prior to the international price of sugar fell , we have always thought that did not cause substantial domestic impact, more just a psychological effect, because the cost of imports is much higher than domestic prices of spot prices, higher import resistance. However, after the current international price of sugar continued to fall, my sugar-quota imports of duty-paid costs decline significantly, had from the previous 7,000 yuan / ton high fall 5500? 5800 yuan / ton, while China's Tianjin and Qingdao port sugar spot Price in 5,700 yuan / ton, the two spreads have come down from December 2007 to a low since. Thus, the international price of sugar fell on the impact of the domestic price of sugar really be reflected. Domestic cut the crop season significantly, tight supply and demand support price of sugar Although the international price of sugar after setback after another, translated into domestic duty-paid price has dropped to the port of Hong Kong stock quotes, making the cost of our imports of sugar fell sharply, but the sugar market in China in the semi-open state, the domestic sugar production cuts sharply situation still bring strong support to sugar prices. 3 month, "Guangxi Sugar" will be 2009/2010 crop season is expected to further drop in the domestic sugar production is expected output from the Guangxi region in November 2009, "Zhengzhou Sugar," the projected 7.6 million tons down to 700 tons; down from the 2.08 million tons in Yunnan production to 150 million? 1.7 million tons; Guangdong output from the 1 million tons down to 920,000 tons. Combined with the Northeast region and other parts of the country output, China's sugar output is expected in the 2009/2010 crop season and down 11 million tons, than "Zhengzhou Sugar," is expected to cut 1 million tons of data. As Food Industry Consumer-based, sugar consumption in recent years has been maintained at a higher rate of growth, China's sugar crop season 2009/2010, the Society is expected to number 14 million tons of sugar consumption is about. The e-commerce company in China offers quality products such as automobile key blanks , Auto Transponder key Manufacturer, and more. For more , please visit replacement car key today!
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