The new sugar price quoted by sugar manufacturers in Guangxi spot market has been raised to 5850-5870 RMB/ton (different in-factory delivery prices), which is 20 RMB higher than that quoted last Friday. Other merchants have quoted 5800-5860 RMB/ton. As of the 16th, there have been 12 sugar factories in Guangxi. It is expected that the bottom of sugar price will be relatively firm, but the situation of limited rising space will continue.

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