ZCE White Sugar Futures Position Report: Long Positions Increase, Short Positions Decrease, Market Attention Rises

According to the latest data released by the Zhengzhou Commodity Exchange (ZCE), the primary position structure in the white sugar futures market showed significant changes as of April 29, 2026. The total top 20 long positions reached 463,630 lots, an increase of 7,163 lots compared to the previous trading day. This indicates a strengthening bullish sentiment among some institutional players regarding the future prospects of white sugar. Concurrently, the total top 20 short positions stood at 637,263 lots, a decrease of 1,363 lots from the previous trading day. The combined effect of increased long positions and decreased short positions adjusted the market's long-to-short ratio to 0.73. This change in ratio is often considered by market analysts as a crucial indicator for gauging investor sentiment and potential price trends. The rise in long positions and reduction in short positions could signal a positive shift in market expectations for white sugar prices, warranting close attention from investors. This report aims to provide key market data and does not constitute investment advice. Investors should fully consider market risks and exercise independent judgment before making any decisions.