Everbright Futures: Sugar market faces pressure from new sugar listings, short-term weak trend

The quotation range of Guangxi Sugar Group is 6540-6600 yuan/ton, with only Guangxi Nanhua lowering it by 10 yuan/ton; The quotation range of Yunnan Sugar Group is 6290~6340 yuan/ton, and the quotation remains stable; The mainstream quotation range for processing sugar factories is 6580~6640 yuan/ton, with a few decreasing by 10 yuan/ton. Yesterday, the original sugar futures price was narrowly adjusted, with the main contract closing at 22.19 cents/pound. In terms of raw sugar, Brazil's recent exchange rate fluctuations have increased, and in the future, attention will be paid to the issue of estimating production in the northern hemisphere. Domestic spot transactions are mainly based on essential needs. The pressure of new sugar listing on the market is gradually emerging, and there is pressure of new sugar listing on the market, which should be treated with a weak interval approach. Pay attention to the import data for September and the end of month sugar meeting situation.