Zhengshangsuo White Sugar Futures Positions Report: May 18, 2026 - Analysis of Long and Short Positions

According to the latest market data, significant changes were observed in institutional positions for the main white sugar futures contracts on the Zhengzhou Commodity Exchange (ZCE) on May 18, 2026. On this day, the total long positions held by the top 20 institutional players amounted to 500,959 lots, representing a decrease of 8,124 lots compared to the previous trading day. This suggests that some long-side capital may have opted to exit positions or realize profits. Concurrently, the total short positions held by the top 20 institutional players reached 678,626 lots, a reduction of 11,220 lots from the previous trading day. Although short positions also decreased, their reduction was larger than that of long positions, resulting in a long-to-short ratio of 0.74 for the day. This ratio indicates that, at the institutional level, short interest continues to hold a relative advantage, suggesting a cautious or bearish market sentiment. Investors should closely monitor subsequent market developments and changes in major institutional positions to assess the potential price trends of white sugar futures.