Long-short and double-killing sugar is rarely reversed during the day.

Seeing that the price of sugar will fall on the cliff of the second bottom. After lunch, it was boosted by the rebound of A-shares and the rise of commodities across the board. Zheng Sugar rose more than 3% from a loss of more than 2% in the morning. Between the swings in the market, investors seemed to ride a roller coaster, and yesterday's ups and downs in sugar prices further exacerbated investors' dizzy reactions, and long shorts were hard to earn.

Yesterday, with the opening of 6625 yuan, Zheng sugar 1205 contract trend continued to fall; 10 points 14 minutes, broke a new low, reaching 6366 yuan, a decrease of 3.2%; after the beginning of stabilization near 6,400 yuan. However, in the afternoon, with the general trend of commodities began to pull up; within 5 minutes, rose to 6,788 yuan; then stabilized at the first line of 6630 yuan, to close at 6,650 yuan, the average price rose 63 yuan, or 0.96%. The intraday high and low spreads reached 422 yuan, with an intraday amplitude of 6.6%, which is rare since the sugar futures contracts were listed.

Sugar futures fell sharply in the morning and fell below long-term support. The short-term advantage was obvious. Many people did not expect that in the morning, when they fell so much and hit a new low, they could still rise so sharply in the afternoon that they thought the decline was a success. Obviously, this pattern is beyond the expectation of both long and short.

On that day, the main positions of both long and short sides increased, and the increase in the intraday positions reached about 150,000 hands. Closed, the main short seller Masukura 12,404 hands, the top 10 only Masukura 7077 hand, but the cumulative position of the top 10 is still twice as short. On the same day, the main 1205 contract volume and open interest both hit a new record since the listing of the contract, reaching 2.38 million contracts and 1.16 million contracts.

Tian Qi Futures analyst Wei Jialu believes that the trend of sugar in the short and medium term is more affected by macroeconomic expectations and policy changes. Therefore, whether there are signs of a shift in monetary policy and whether the EU summit concluded on Wednesday will provide satisfactory solutions to European debt will affect the short-to-medium-term price performance of sugar. It is expected that the sugarcane purchase price will continue to rise in the next crop season to push up the cost of sugar production, and that the stock of sugar in China will become weaker by the end of the year, and the demand for sugar will be tight in the face of demand for the Spring Festival. Therefore, in the case of macroeconomic stability, it is not appropriate to see blank sugar from the perspective of the industry in November; if the debt crisis in Europe runs out of control and leads to a collapse in market confidence, the supporting factors for the fundamentals of sugar futures will fail in the short term and confidence will overwhelm.

“This is a cataclysm after the long funds have been continuously suppressed.” Dong Shuangwei, the first futures analyst, said that from an objective point of view, the focus issue that has plagued the European debt market is still difficult to ease. Observing the situation on the external disk, the stock market and crude oil rebounded, but the favorable atmosphere did not make raw sugar higher, suggesting that the raw sugar market is worrying about excessive prices. This concern also applies to the domestic, so the recent trend may continue to seek to resolve this concern.

It is understood that the beet buying price in Inner Mongolia, Heilongjiang Province was 510-560 yuan per ton, and the price of Xinjiang beet rose from 350-360 yuan per ton in the previous year to 420-460 yuan per ton. According to the current beet purchase price, the direct cost of sugar beet sugar will reach RMB 3,300-5,500 per ton this year, combined with financial expenses, management fees and taxes, and the 2011/2012 crop beet sugar payment cost will reach RMB 6,200 per ton.