Tuesday, 10 September 2019
In this week's QSL Weekly Market Update, you can find out more about:
- Sugar: Still searching for some form of support, ICE11 forged new life of contract lows in the first five futures contracts on Thursday. Prices steadied on Friday (last) just above the 11c/lb on a prompt basis.
- Fundamentals: The October contract expiry is coming into view and if rumours are to be believed it could contain a substantial quantity of low quality Thai and Central American sugars.
- The net short position is now at an all-time record of 189,000 lots, an increase of 8,000 lots.
To read our full QSL Weekly Market Update, please click here.