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After 4500 to 5000, after two volatile, September 8, Zhengzhou sugar main contract SR1005 again from 4500 on the drawing, but the trend seems boring, in 4700 by the 30 moving average line back pressure, the process of price breakthrough appears stagnant, Although the intraday liquidity is adequate, as the National Day holiday approaching, the cautious attitude is slowly replacing the optimism, technology trends have evolved to balance sideways look. This dilemma, we propose in this market view, only investors. One of the most strong fundamentals Present time, sugar is the most fundamental commodities of a strong variety. This is almost without any evidence, just in the technical charts and historical price of the current price comparison can be made. No. 11 raw sugar in the United States since 1981 to break 3.20 range state, the current stable operation at 20 cents / lb or more; domestic sugar is out of up to 3 years starting from 2006 fall, clear running on the upward trend in the current . Domestic market fundamentals According to the data in the Sugar Association: Deadline August 31, 2008/09 sugar production of the national total of 12,431,200 tons of sugar, down 2.409 million tons; the national total Sell Sugar 11.4073 million tons, down 1.1256 million tons. Total sales rate of 91.76 percent sugar, 7.31% higher than the same period last crop season. From the August sales data to see the country of the sugar remaining 1,023,900 tons of industrial stocks, pay less over the same period last year, 1,283,400 tons. National Bureau of Statistics data under both 1-July national sugary food consumption continues to grow, according to the National Bureau of Statistics on the scale of enterprises, from January to July 2009, major domestic sugar foods, pastries, cookies , Carbonated beverages Class ( Soft drink ), Candy, frozen main food, Dairy products , Can , Fruit juice and vegetable drinks and other food products with sugar consumption of the cumulative production compared to last year is still to maintain a growth trend, which, candy, frozen main food, canned food, juice and vegetable drinks cumulative production of the year from January to July rose more than 10%, other 2-9%, and dairy products continue to increase in a single month of negative growth. Data from the two authorities to see to support with more than 100 million sugar to the juice before the opening of new domestic sugar consumption, the supply situation is extremely nervous. Of course, the national sugar for the current inventory, the view that if the inventory includes brokers, is retained in the Electronic Market and futures market of sugar, should total 200 million tons. We can not determine at this point of view, but to remind the investors concerned are: the futures market volume of 125,000 tons SR0909 settlement, after its delivery, warehouse receipts weak flow rate, indicating that the demand for spot market does not stimulate tension. Liuzhou another electronic market, the 09 094 contracts about to expire, unilateral order is still up to 80,000 tons, short no intention to retreat, that the spot market tensions have not yet developed to the state of our expectations. This, investors need to pay special attention. International market fundamentals The international sugar market remains optimistic mood, forecasters said: the international sugar supply situation will continue into the year 2010/2011. Macquarie Bank in London is expected on August 26: World sugar supply and demand gap will continue into the 2010/11 crop season, due to abnormal weather, the world's two largest sugar cane producing countries, Brazil and India, forecast production cut, resulting in global sugar tight supply outlook. According to Macquarie's forecast, due to international Sugar Continued to rise to encourage the planting area of sugar cane, sugar is expected to yield the 2010/11 crop season in India is expected to rise to 2,300 million tonnes. Fortis Bank early in September's report, estimated that global sugar demand for the year 2009/2010 over the previous year by 2%. I am an expert from coredrillingrig.com , while we provides the quality product, such as oil drilling rigs , oilfield equipment Manufacturer, coring rigs,and more.
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