Guoxin Futures: Zhengzhou Sugar Futures Slightly Stronger, Mainly Short-term Trading

Zhengzhou sugar slightly fluctuated and moved higher, trading volume increased, and open interest rose. According to Mutian Technology, the spot price was raised by 10 yuan/ton compared to the previous day. The international market found support at low levels. Domestically, it is the peak supply season and the off-season for consumption, with main producing areas exceeding expectations in output, but there are high expectations for delayed and reduced import quotas. Additionally, concerns about El Niño have prompted bullish traders to take proactive actions, leading Zhengzhou sugar to rise. It is recommended to focus on short-term trading. (Guoxin Futures)

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