Sugaronline China Report – 20th October 2021
20th October 2021
The Chinese may have accidentally and seriously overbought sugar ahead of the next season.
After the protracted holiday for national day, the market has remained fairly quiet. The Zhangzhou spot month closed on October 20 at CNY 5,564 per tonne, versus CNY5,607 per tonne last month, whilst the January position closed at CNY5,893. Prices are still below import parity, but despite the sharp fall in New York overnight have
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