EUR/USD
1.16729
-0.001%
Gold
4628.33
-0.650%
Oil
79.388
-1.601%
USD/JPY
158.957
-0.154%
GBP/USD
1.36308
-0.119%
GBP/JPY
216.676
-0.267%
Real-time News
August 26th - As oil prices fell, market expectations for a Bank of England interest rate hike in 2026 were slightly lowered. Negotiations between Iran and Oman regarding the reopening of the Strait of Hormuz contributed to the drop in oil prices, easing inflation concerns. LSEG data shows that the market now expects the Bank of England to raise interest rates by a cumulative 23 basis points by the end of the year, a 2 basis point decrease from Tuesdays forecast.Futures Market News, August 26th: Urea prices are expected to remain weak in the near term, while diammonium phosphate and compound fertilizer prices may rise, and potassium chloride prices are expected to remain stable. Urea plant operating rates remain high, resulting in ample market supply. Agricultural demand is relatively weak, and prices are expected to remain weak in the short term. Diammonium phosphate prices are expected to remain high, with a slight upward potential, due to high raw material prices for sulfur and phosphate rock, coupled with increased demand for fertilizers for autumn agricultural production. Potassium chloride port inventories remain high, resulting in ample market supply, and prices are expected to remain stable. Compound fertilizer plant operating rates have increased slightly, with strong overall support from raw material prices. Terminal agricultural demand is gradually being released, and grassroots distributors are expected to increase their fertilizer restocking, leading to a slight price increase.Nepalese police say the floods in Nepal have killed at least eight people.International Criminal Court President Akane: It is expected that the Japanese government will provide support to limit the negative impact of US sanctions.August 26th Futures News: 1. Domestic Market: Sugar production for the 2025/26 season is expected to increase significantly, coupled with concentrated imports in the first half of the year, resulting in ample overall supply. The peak summer consumption season will gradually reduce inventory, but increased demand is unlikely to reverse the ample supply situation, and sugar prices will continue to face downward pressure. Since July, major producing areas such as Guangxi and Guangdong have experienced continuous heavy rainfall, increasing uncertainty in later sugar production and the market. 2. International Market: On the one hand, extreme weather has led to prolonged periods of below-average rainfall in India and Thailand, posing a risk of reduced global sugar production. The market has generally lowered its expectations for new year sugar production, tightening global sugar supply. On the other hand, high crude oil prices have increased ethanol production profits, and Brazilian sugar mills lowering their sugar ratios will further tighten sugar supply. Meanwhile, recurring geopolitical conflicts and changes in export policies of major producing countries have increased market uncertainty. International sugar prices are expected to remain volatile.
