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What does the US Sugar Index 11 mean?

US Sugar 11 is the international sugar price in the United States, and US Sugar 14 is the domestic sugar price in the United States. The index is divided into individual index and total index according to the scope of the phenomenon it reflects; 11 is just a code, for example: Sugar 11. Sugar 14. Sugar 11 is the international sugar price in the United States, and Sugar 14 is the domestic sugar price in the United States. The variety of external futures trading is Sugar 11. Sugar No. 11 belongs to the international sugar futures contract. The price formed by the international sugar futures is based on the prices of the ports of 29 sugar-producing countries around the world. The FOB price mainly reflects the judgment of market forces on the global future supply and demand of raw sugar. It is the "wind vane" of international raw sugar prices and provides settlement prices for international raw sugar trade. The Sugar 11 Index is also compiled by Wenhua itself. The weighted average of each contract of Sugar 11 is calculated and reflects the overall trend of Sugar 11. The index is divided into individual index and total index according to the different scope of phenomena reflected. Index, or statistical index, is an important statistical method for analyzing quantitative changes in social and economic phenomena. It originated in the second half of the 18th century, when gold and silver mined in the New World of America continued to flow into Europe, causing prices in Europe to rise suddenly, arousing widespread social concern. In order to measure changes in prices, economists began to try to compile price indexes.

The index is a relative number that indicates the dynamics of socio-economic phenomena. The index can be used to measure the overall dynamics of socio-economic phenomena that cannot be directly added and cannot be directly compared; it can analyze various factors in the total changes in socio-economic phenomena. The degree of impact of changes; the role of each group's sign level and overall structure changes in changes in the overall average indicator can be studied.

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1. According to the different nature of the phenomenon reflected, it is divided into quantitative index and quality index. Quantity index Quantity index reflects changes in the quantity of production, operations or economic activities, such as commodity sales volume index; quality index Quality index is an index that explains changes in the quality of economic activities, such as product cost index and labor productivity index. According to different calculation forms, it is divided into comprehensive index and average index. The former refers to the index calculated by comparing two total indicators, and the latter is a deformation of the former.

2. The general relative number is the ratio of two related indicators, which can quantitatively reflect the comparative relationship between two interrelated phenomena. There are many types of relative numbers, which can be divided into two categories according to their forms of expression: one is the nominal number, that is, any relative number calculated by comparing two absolute numbers or average indicators with different properties but related properties, usually There are nominal numbers, and compound units of measurement are often used. The other type is anonymous numbers. Anonymous numbers can be expressed by multiples, fractions, coefficients, percentages, thousandths, etc. according to different situations, such as: population birth rate, death rate, etc. Relative numbers can be divided into five categories: dynamic relative numbers, structural relative numbers, comparative relative numbers, intensity relative numbers, and plan completion relative numbers.