China may be the first time in five years the national sugar storage auction noreply

China may be held for the first time in five years, the national sugar storage auction Sina fund exposure platform: letter Phi lags behind false propaganda, long-term performance is lower than similar products, how to buy a fund pit? Click [I want to complain], Sina help you expose them! Analysts and traders say China may be preparing to sell sugar reserves for the first time in five years after selling millions of tons of corn and cotton in the country this summer. Given that China’s leadership puts the "supply side reform" at the top, the government is under pressure to clean up excess reserves. After several years of storage, storage in the warehouse of surplus agricultural products has a backlog of piles. Plus Chinese prices at a high level, this may prompt the government to sell part of the State Reserve sugar. At present, China’s national reserves of sugar is estimated at 7 million tons, according to the current price value of about $3 billion 300 million, much higher than the total amount of imports in China a year. If the world’s biggest buyer of China sugar really state reserve sugar auction, it may make the international price pressure, it is likely to disrupt the sugar market for several years the longest, biggest round of rally. However, analysts also stressed that the initial auction size may be limited. COFCO futures analyst Han Xuceng (Cofco Futures) heard about the auction speculation, he said Chinese "likely" to sell some pent up inventory, continued to expand and in view of the supply gap in this part of the inventory, or to find a market. In recent years Chinese sugar production fell, because farmers planting more profitable, lower labor intensive crops, such as bananas or other fruit. 201415 sugar production fell by 18% to 8 million 700 thousand tons in, so that China’s supply gap expanded to about t. Chinese on a purchase reserve of sugar in 2013, purchasing and storage of reserve price is 6100 yuan per ton ($915.31), this leads to a view that prices should be kept at this price, China can without loss of the lower reservoir. Since the end of July hit that level in recent months, raw sugar futures prices have been hovering around 6000 yuan, possibility of market rumors that the State Bureau of sugar auction is more and more big. However, most analysts said, China government may only auction 30-50 million tons, in order to avoid before the November harvest of sugarcane to domestic prices caused too much pressure. According to founder products group, China had only had three large-scale state reserve auction, the last time in the year 201011; only the 2006 standard customer service, domestic prices. Shanghai Buyun Investment Management Analyst Zhan Xiao said that this year the rainy weather affects the beverage and demand, weak economy and large quantities of smuggled sugar into the market and other factors, resulting in a slowdown in sales of raw sugar market, the State Bureau of the auction may not have much demand. (168 financial network) agricultural products purchase network trading platform provider 16988- national agricultural commodities; [sugar, oil, corn, soybean, wheat, cotton, soybean meal] free resource release, purchase and docking; offer – click on to相关的主题文章: