On September 9, 2009/2010, the national reserve sugar in the crop season was put into operation for the eighth time. The total amount of 243,214.19 tons of stocks thrown and stored in this transaction was traded. The highest price was 5,750 yuan/ton, the lowest price was 5,560 yuan/ton, and the average transaction price was 5,659.35 yuan/ton. This dumping deposit is similar to the first seven dumps. Not only has it failed to prevent the price of sugar from rising, but it has once again shown a situation where the price has risen further. The average price of dumped storage hit a record high since the 2009/2010 crop season, causing the total amount of dumped reserves to increase to 1.71 million tons. The country’s stock of sugar stocks will further decline, and it will be more cautious to dump the reserve again. The supply and demand gap in China still exists. With the market demand not significantly reduced, with the advent of the Mid-Autumn Festival and the National Day holiday, it is expected that the price of sugar will continue to rise and fall, and the price of sugar will remain high.

High sugar prices on the international market Recently, news from India said that with the arrival of the holiday season, demand is expected to increase. The Indian government has asked private sugar factories to increase sugar sales in the open market in September. Based on this, we can see that the current international market is still in a tight supply and demand situation, and strong market demand is conducive to higher sugar prices.

It is said that as the largest sugar consumer country in Southeast Asia, Indonesia will import 400,000 tons of white sugar in 2011 to compensate for the decline in output caused by the previous long-term heavy rain. In addition, due to supply shortages due to dry weather earlier this year, forcing Thailand to repurchase sugar, leading to a substantial rise in Thailand's J-spec raw sugar. The world’s second-largest sugar exporting country Thailand’s higher sugar price will also help the sugar price in the international market to rise.

The international sugar market is still likely to continue its upward trend under the guidance of Lido News, which may drive domestic sugar prices higher.

The domestic market is more bullish and the domestic market has continued to have more bullish factors. The main thing is consumption. At present, the peak of consumption is approaching the end of the summer, but with the advent of the Mid-Autumn Festival and the National Day, the consumption of sugar will not show any substantial reduction. Therefore, the steady consumption will still be beneficial to domestic sugar prices.

Judging from the growth of sugarcane in the new cropping season, sugar cane growth is good at present, but the reduction of sugar cane planting area caused by previous drought and flood disasters is an indisputable fact. At the moment of sugar cane pumping season, the two major sugarcane producing areas in Guangxi and Guangdong are facing the impact of a locust plague, known as the "cane killer," and pose a great threat to production. According to statistics from sugarcane research experts, the annual output of sugarcane-producing areas in Guangdong and Guangxi provinces has been reduced by at least 10% due to locust infestation, and annual output has been reduced by more than 9 million tons. Locust disease has become the biggest unfavorable factor in sugarcane production. As for the sugar production in the new cropping season, industry insiders generally believe that the 2010/2011 crop season sugar production is likely to be the same as last year, and there is little hope of increasing production. This expectation is still the premise of no major climate anomalies in September to October. under.

The recent rise in the price of sugar in the domestic spot market is also conducive to rising sugar prices. At present, the price of sugar in Nanning-producing areas is 5,600 yuan/ton, and in some areas of the sales area, it reaches 5,800 yuan/ton or more. Higher spot sugar prices support Zheng sugar prices higher.

In the pre-market rumors, the Guangxi government will increase the sugarcane purchase price for 2010/2011. The increase in the purchase price will increase the cost of sugar production companies, and the increase in cost will inevitably lead to an increase in sugar prices in the market. Another source said that after the State Reserve's multiple auctions, the Guangxi Sugar Association expects to see a gap in the middle or late October. It is hoped that the sugar companies will slow down their sales, which will be beneficial to the current sugar market, and the short-term market will again have a gap between supply and demand.

Technical graphics are still strong from the ICE raw sugar technology graphics point of view, the period price has hit a six-month high, breaking 22 cents, upside has opened, the average system is still arranged in long positions, the probability of rising sugar prices in the market is still relatively Big.

From the Zhengzhou SR105 contract weekly chart, the period price is still running above the moving average system, and the MACD indicator's upward momentum continues to increase. The market outlook price may continue to rise. From the SR105 contract daily chart, the current price of sugar is The high level, but still strong, the price is supported by the moving averages, and the market outlook will continue to rise.

In summary, the author believes that at present, regardless of the domestic market or the international market, considering the fundamental and technical aspects, the price of sugar in the market may still be higher. It is recommended that investors continue to maintain long-term thinking and operations, and pay attention to the changes in the production of major sugar producing countries such as Brazil and India in the international market, and the impact of weather changes on the domestic market on the price of sugar.