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Guangxi White Sugar Spot Rises to 5,406 Yuan/Ton on May 12, Up 22 Yuan

GateNews
Commodities

According to Pantang Technology, Guangxi white sugar spot prices rose to 5,406 yuan per ton on May 12, up 22 yuan per ton. Zheng Sugar SR2609 futures contract closed at 5,504 yuan per ton, gaining 27 yuan, with open interest increasing 8,700 contracts. The rally was driven by stronger international sugar prices, as ICE raw sugar futures settled at 14.95 U.S. cents per pound, up 0.26 cents, amid a fragile U.S.-Iran ceasefire agreement that pushed crude oil prices up nearly 5% intraday. Both spot and futures markets showed synchronized strength, with active trading momentum continuing.

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