According to the monitoring of Business Society, the average price of white sugar on June 1st was 6,666 RMB/ton, and on June 27th, the average price of white sugar was 6,594 RMB/ton, a decrease of 1.08%, a decrease of 8.03% compared to the same period last year.

In early June, in terms of domestic spot prices, Guangxi's spot prices were raised, leading to an increase in cumulative sugar sales nationwide, a slowdown in sugar sales rates, and an increase in industrial inventories. The weather impact on raw sugar is receiving attention, and it is expected that the short-term market will continue to rebound. Domestic spot prices remain strong, and market transactions have rebounded. In late June, the pressure on sales in the Guangxi market, the main production area, increased. The white sugar market saw average sales in June, 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 the short term, the production and sales rate of sugar factories is relatively high, and the spot pressure is relatively light. In addition, it is expected that the import volume will be large in the third quarter, and the pressure on spot goods will gradually increase in the later period. On the other hand, the market expects that domestic sugar will continue to increase production during the 2024/2025 crushing season. Currently, sugar factories have a high production and sales rate, and spot pressure is relatively light. It is expected that white sugar may experience a weak and volatile trend in the short term.

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