Stability Returns to ICE Sugar No. 5: Mixed Movements Signal Balanced Market Dynamics
Stability Returns to ICE Sugar No. 5: Mixed Movements Signal Balanced Market Dynamics
Here’s the revised report with all values converted into EUR:
ICE Sugar No. 5 Analysis - December 2, 2024 (EUR)
Market OverviewThe ICE Sugar No. 5 market exhibited limited price movements on December 2, 2024, with mixed contract trends. March 2025 closed unchanged, while other contracts showed slight gains or losses. The market reflects steady sentiment amidst supply-demand dynamics.
Closing Prices (EUR/t)Using an exchange rate of 1 USD = 0.91 EUR:
This version now includes all prices converted into EUR. Let me know if you need any additional adjustments or further breakdowns.
Here’s the revised report with all values converted into EUR:
ICE Sugar No. 5 Analysis - December 2, 2024 (EUR)
Market OverviewThe ICE Sugar No. 5 market exhibited limited price movements on December 2, 2024, with mixed contract trends. March 2025 closed unchanged, while other contracts showed slight gains or losses. The market reflects steady sentiment amidst supply-demand dynamics.
Closing Prices (EUR/t)Using an exchange rate of 1 USD = 0.91 EUR:
- March 2025: USD 547.70 → EUR 497.41
- May 2025: USD 546.60 → EUR 496.41
- August 2025: USD 535.20 → EUR 486.03
- October 2025: USD 523.50 → EUR 475.39
- December 2025: USD 518.80 → EUR 471.11
- March 2026: USD 516.20 → EUR 468.74
- May 2026: USD 509.20 → EUR 462.37
- August 2026: USD 502.20 → EUR 456.00
- October 2026: USD 495.20 → EUR 450.63
- March 2025: Unchanged (0.00%)
- May 2025: +EUR 1.09 (+0.22%)
- August 2025: +EUR 0.36 (+0.07%)
- October 2025: -EUR 0.73 (-0.15%)
- December 2025: -EUR 1.82 (-0.39%)
- March 2026: -EUR 2.09 (-0.45%)
- May 2026: -EUR 0.91 (-0.20%)
- August 2026: -EUR 0.36 (-0.08%)
- October 2026: -EUR 0.09 (-0.02%)
- The March 2025 contract remained the most traded, with a volume 8,667.
- May 2025 and August 2025 followed with 4,641 and 1,571 contracts, respectively.
- Stable Fundamentals: The market remained stable despite volatile global weather conditions, with no significant developments driving sharp movements.
- Regional Price Dynamics: The European sugar market continues to track ICE No. 5 prices with slight discounts, reflecting healthy regional supplies.
- Ukrainian Sugar Influence: The imminent arrival of duty-free Ukrainian sugar in the European market (from January 2025) may weigh on prices if transportation costs align.
- Prices in Europe range from EUR 510 to EUR 530 per tonne FCA, higher than global averages.
- Ukrainian sugar offers start at EUR 420 per tonne FCA, but transportation costs and certification remain barriers to competitiveness.
- Analysts expect subdued ICE price movements as global supply stabilizes.
This version now includes all prices converted into EUR. Let me know if you need any additional adjustments or further breakdowns.