白糖月报：基本面偏空，但宏观环境转暖

1    -1- -2- 2,000 1,500 1,000 500 0 -500 -1,000 -1,500 -2,000 -2,500 -3,000 2020-01-212020-07-212021-01-212021-07-212022-01-212022-07-212023-01-212023-07-212024-01-21 泰国配额外巴西配额外 100 90 80 70 60 50 40 30 20 10 0 10111212345789 2020/20212021/20222022/20232023/2024 -3- -4- -5- -6- -7- -8- 5.60 5.40 5.20 5.00 4.80 4.60 4.40 4.20 2022/1/272022/2/262022/3/282022/4/27 79.0 78.0 77.0 76.0 75.0 74.0 73.0 72.0 2022/1/27 2022/2/26 2022/3/28 2022/4/27 -9- -10- -11-