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What does Sugar 1 1, 14, 16 stand for in NYSE?
American raw sugar 1 1, 14 and 16.

NYBOT no longer exists. It was acquired by Intercontinental Exchange in 2007.

After the integration of NYBOT, on September 26th, 2008, the original sugar futures 16 replaced the original sugar futures 14 on the electronic disk of the rock candy market. The last raw sugar futures contract 14 was the 0909 contract, and the raw sugar contract 14 no longer exists after the delivery of the 0909 contract.

In the month when the raw sugar futures contract 16 is listed and traded, the trading volume, the unit with the smallest price fluctuation and the delivery place under this contract shall follow the provisions of the original raw sugar futures contract 14. The difference is that the quality of raw sugar delivered under 16 contract is higher, and the higher the quality of raw sugar delivered by investors, the greater the premium. On the contrary, the lower the quality of raw sugar delivered, the greater the premium.

Raw sugar 1 1 is also called World Sugar, and the price is FOB (Free on Board) in 29 countries around the world. It can be delivered at ports in many countries in the world, and the reflected price is the international raw sugar price.

Raw sugar 16 is also called American sugar, and the price is CIF (CIF) of Atlantic and Gulf ports in the United States. Delivery only at domestic ports in the United States is the price expectation of raw sugar market in the United States, which mainly reflects the supply and demand of raw sugar in the United States and serves sugar-related enterprises in the United States.

In addition, the specification of 16 sugar is higher than that of 1 1, and it is generally delivered in China, so the futures price is generally higher than that of 1 1, but the trading volume is very small.