Live Updates > Live Update Details
2026-07-17 17:42:12
[Nearly 300,000 Tons of London Sugar Contracts Expire and Delivered, ED&F Man Leads Multiple Traders in Participation] ⑴ The total delivery volume of the ICE London August sugar contract was 5,861 lots, totaling approximately 293,000 tons. The delivery scale reflects the comprehensive game between the spot market and recent supply and storage capacity. ⑵ Commodity trader ED&F Man is reportedly the largest delivery party, delivering 4,301 lots, accounting for more than 70% of the total delivery volume, highlighting its dominant position in the European sugar market's spot holdings. ⑶ French soft commodity trader Sucden is considered the sole receiver by the market, suggesting that the receiver holds a relatively positive view of the current price level and subsequent resale window. ⑷ Other institutions participating in the delivery include Tereos (delivering 500 lots), Louis Dreyfus (delivering 320 lots), Wilmar International (delivering 240 lots), and Global Mind (delivering 500 lots). The diversified list of sellers indicates the coexistence of hedging and spot settlement needs. (5) The highly concentrated buyers and relatively dispersed sellers in this delivery may put some pressure on the price of near-month contracts in the short term. The market's focus will be on the digestion speed of this batch of white sugar after it enters the spot market.
