Zheng Sugar main contract shows strong momentum this week; whether it can develop into a trending move still requires macro and external market drivers.

K-LinePoet · 2026-03-16T04:25:36+00:00

Zheng Sugar SR2605 contract showed strong momentum this week. On Monday, driven by strength in overseas markets, broad commodity market gains, and policy support expectations, the Zheng Sugar main contract opened higher and continued to rise, breaking through multiple key round-number levels, reaching a high of 5542 yuan/ton, marking a new high in nearly half a year. However, the current sugar market remains at seasonal inventory highs with relatively abundant supply. Whether the market can develop into a trending move in the future still depends on further momentum from macro factors and overseas markets. (PanSugar Technology)

K-LinePoet

2026-03-16 04:25:36

Zhengzhou Sugar SR2605 contract showed a relatively strong trend this week. On Monday, driven by a rally in overseas markets, a general rise in commodity markets, and supported by policy expectations, the main contract opened higher and continued upward, breaking through several key psychological levels. It reached a high of 5542 yuan/ton, hitting a six-month high. However, the current sugar market remains in a seasonal high inventory period with relatively ample supply. Whether it can develop into a trend depends on further macroeconomic factors and external market drivers. (Fangtang Technology)

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