www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

BIZCHINA / Center

Sugar futures fall amid auction
By Li Fei (China Daily)
Updated: 2006-04-26 09:05

China's sugar futures fell yesterday, because of the sugar auction and the government's plan to release more sugar reserves.

White sugar futures for January 2007 delivery, the most actively traded sugar futures, fell by 66 yuan (US$8.25) to 4,702 yuan (US$588) a ton on Zhengzhou Commodity Exchange yesterday.

China auctioned 92,000 tons of sugar yesterday, averaging 4,742 yuan (US$593) a ton.

The auction, which has been long scheduled, coupled with the news that the government is to release more sugar reserves, contributed to the price fall in the futures market.

National Development and Reform Commission (NDRC), China's top economic policy-making body, announced on Monday that it would process 600,000 tons of reserve sugar to alleviate the tight market supply.

China has already sold 184,000 tons of sugar at two auctions in January in a bid to rein in the rising prices.

But the efforts largely failed then, prompting it to sell another 368,000 tons of reserve white sugar in four auctions, with each round selling 92,000 tons.

Yesterday's auction was the second one of four planned auctions, with the remaining two scheduled to take place on May 23 and May 30.

But analysts cast doubt on the government's "continuous" auctions.

"If all the auctions are meant to lessen the tight supply in the market, then it is welcomed," said Yu Mengguo, senior analyst at Jinpeng Futures Co Ltd.

"But if they were intended to drive down the sugar price, it is misleading and will be largely in vain," Yu said, maintaining that current domestic sugar prices are not high when considering prices in global markets.

"Instead of relying on the government to protect them from price swings, which are inevitable in a market economy, they should learn to hedge their risks through available tools such as the futures market," said the analyst.

Government's continuous sugar auctions, if only intended to curb the rising prices, the analyst say, "will likely to make those domestic sugar-makers and sugar-users numb about the business risks in the market."

"This is neither helpful for them to sharpen competitiveness and nor to the development of the white sugar futures market," Yu said.

Zhengzhou Commodity Exchange, one of country's three futures bourses, introduced white sugar futures in January.

China is expected to produce about 9 million tons of sugar in the 2005-06 sugar-making season, while its consumption is expected to hit 10 million tons at the same time, according to the China Sugar Association.


(For more biz stories, please visit Industry Updates)

 
 

主站蜘蛛池模板: 久久久久香蕉视频 | 97婷婷狠狠成人免费视频 | 国产自在自线午夜精品 | 国产精品日本一区二区不卡视频 | 97久久精品视频 | 欧美 亚洲 另类 自拍 在线 | 在线观看欧美亚洲日本专区 | 天天综合天天看夜夜添狠狠玩 | 免费看片aⅴ免费大片 | 中国一级毛片 | 在线观看日本亚洲一区 | 一级做a爱过程免费视频麻豆 | 99爱视频免费高清在线观看 | 欧美一级高清黄图片 | 一区二区三区在线观看免费 | 一级毛片aaaaaa视频免费看 | 亚洲人成综合在线播放 | 国产一区二区精品久 | 国产孕妇做受视频在线观看 | 国产色视频在线观看免费 | 国产成人香蕉久久久久 | 欧美性三级 | 国产一区日韩二区欧美三 | 国产综合精品久久久久成人影 | 一区二区三区免费看 | 日韩三级视频在线 | 韩国美女一级毛片 | 亚洲三级视频在线观看 | 91精品国产综合久久久久久 | 日韩免费一级毛片欧美一级日韩片 | 日本wwwwwwwww | 国产欧美日韩精品第二区 | 男人的天堂免费网站 | 国产在线观看精品一区二区三区91 | 2345成人高清毛片 | 一本一道久久综合狠狠老 | 透逼视频 | 日本a级精品一区二区三区 日本a级毛片免费视频播放 | 欧美大片毛片aaa免费看 | 亚洲深夜视频 | 老司机成人免费精品视频 |