According to the monitoring of the commodity market analysis system of SunSirs, the average price of domestic first-class white sugar at the beginning of the week was 6,694 RMB / ton, and the average price of domestic first-class white sugar at the end of the week was 6,696 RMB / ton. The price increased by 0.03%, and the price fell by 2.67% compared with the same period last year.

Domestically, domestic sugar at the supply side is still in the inventory accumulation cycle, and the industrial inventory has increased year-on-year, forming part of the pressure on the domestic sugar price. The cumulative import volume in this grinding season is still sufficient, and the import window of superimposed processed sugar is opened, and the future supply pattern may be gradually loose. On the demand side, the pure sales period started in April. At present, the spot transactions in the domestic sugar market are light, and the terminal does not accept high sugar prices, so it mainly purchases on demand. However, after the weather turns warmer, the demand for terminal drinks is expected to recover, which may form a certain support for the domestic sugar price.

Internationally, the weather in most sugarcane planting areas in Brazil in May was dry, which was conducive to accelerating the pace of crushing. Thailand and India are about to enter a monsoon rainfall climate. We are concerned about whether rainfall can boost sugarcane production in the next year.

Domestic terminal demand has increased, and it is expected that the price of white sugar will mainly fluctuate in the short term.

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