You are here

Market Snapshot

Daily Price SMS

Tuesday, 18 December 2018 

OVERNIGHT ICE 11 PRICES

INDICATIVE ICE 11 PRICES

The figures quoted above are indicative of available ICE 11 prices as at the current date and reflect the weighted average AUD/mt price. The prices have been adjusted to include Over-the-Counter (OTC) margin fees charged by banking institutions and, therefore, may differ from daily prices quoted by the ICE #11 Exchange and/or other Marketers of Growers’ Economic Interest in Sugar (GEI Sugar). Values also do not account for any adjustments resulting from local grower-miller pricing arrangements.
The 2018 Target Price Pool reflects a whole-of-season weighted average in a 5:1 ratio across the remaining three contracts, and 1:2:2:1 ratio across the four applicable  futures contracts for 2019, 2020 and 2021 Seasons. 
For Growers who have chosen to roll 2018-Season exposure, QSL will gross up their target price to be inclusive of roll costs incurred (currently $13.91/t).

GROWER ICE 11 PRICING HIGHLIGHTS

 

2018-SEASON HISTORICAL ICE 11 CHART

This is a whole-of-season ICE 11 price chart for the 2018 Season, based on the current 5:1 pricing ratio applicable to QSL Target Price Pool growers. Source: Bloomberg. 

2019-SEASON HISTORICAL ICE 11 CHART

This is a whole-of-season ICE 11 price chart for the 2019 Season, based on the current 1:2:2:1 pricing ratio applicable to QSL Target Price Pool growers. Source: Bloomberg. 

2020-SEASON HISTORICAL ICE 11 CHART

This is a whole-of-season ICE 11 price chart for the 2020 Season, based on the current 1:2:2:1 pricing ratio applicable to QSL Target Price Pool growers. Source: Bloomberg. 

Disclaimer: The information and views expressed in this report are those of the writer and do not necessarily reflect the views of QSL. This report contains a high level overview of ICE 11 market activity. While care is taken in the preparation of this report, the completeness, reliability or accuracy of the information in this report is not guaranteed. Information about past performance is not an indication of future performance and QSL does not make any representations as to future matters. This update on market activity does not constitute financial or investment advice and QSL does not accept any responsibility to any person for the decisions and actions taken by that person with respect to the information in this report. The contents of this report are copyright to QSL. Any unauthorised use, copying or other dissemination of this information is unlawful and strictly prohibited.