Remarks: Continuously drastically reduced the long and short break in the sugarcane market

International Sugar: Thursday, ICE US # 11 raw sugar futures market weak order. The October contract eventually settled at 19.56 cents, which was a three-day gain. The March contract eventually settled at 20.39 cents, a one-day gain. Note: Peter Baron, ISO president of the International Sugar Group, said on Thursday that it is estimated that China's sugar imports in the 12/13 crop season will be reduced from 3.2 million tons in the crop season to 2 million tons.

Today, Zheng sugar narrow range shocks, close to long and short positions to significantly reduce risk to avoid risk; the main contract of 1301 to close at 5190, the highest 5210, the lowest 5170, or 0.29%; sugar market total positions 779152 hand, lighten up 120,000 hands.

In the domestic sugar market industry, a vice chairman of the China Sugar Association stated at the Singapore Sugar Industry Conference that during the 2012/13 crop season, China’s sugar production will reach 14 million tons, an increase of 22%. As of the end of September, China’s sugar inventories reached 4.7 million tons, hitting a record high, and the overall situation is not optimistic.

Technical point of view: Zheng sugar day K line form belongs to the small Yin line level, sharply lighten up two consecutive trading days, the overall position decreased to 800,000 or less; from the perspective of the position after the end, the traditional hedging seats overall to lighten up, long and short The position structure has not changed much.

For the current trend of the sugar market positioning: down trend operation, the operation of the general direction of short-term thinking, to adjust the rhythm. The main contract 1301 supports the position 5130-5170 and the pressure position 5420-5460.