According to the monitoring of the commodity market analysis system of SunSirs, the average price of domestic first grade white sugar at the beginning of the week was 6,604 RMB/ton, and the average price of domestic first grade white sugar on the weekend was 6,594 RMB/ton, a decrease of 0.15% in price, a decrease of 8.03% compared to the same period last year.

In terms of domestic spot prices, the price difference between Yunnan sugar and Guangxi sugar has widened, coupled with a decrease in transportation costs. Yunnan sugar has arrived in most sales markets, and the pressure on the main production area Guangxi market to sell has increased. In June, the white sugar market saw average sales, and sugar factory sales may continue to decline. Although summer is the peak season for cold drink consumption, the peak season is not strong, and the overall demand for other sugary foods such as candies, biscuits, pastries, and canned goods is average. The market's purchasing enthusiasm is not high, and there is generally a high demand for purchases.

In June, the inventory of domestic sugar factories further decreased, and the overall progress of destocking was not fast. Although sugar mills enter a pure sales period after harvesting and their inventory continues to be consumed, the overall purchasing enthusiasm in the market is not high, and the price difference between processed sugar and domestic sugar has narrowed, weakening the advantage of domestic sugar sales.

The domestic sugar market has sufficient supply, and downstream sales are slow. It is expected that sugar prices may fluctuate weakly in the short term.

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