According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 6,306 RMB/ton at the beginning of the week, and 6,298 RMB/ton at the end of the week, with a price drop of 0.13%.

With more sugar factories opening up for extraction, the situation of queuing for delivery has eased. In December, Guangxi entered a peak period of extraction, producing a total of 1.3679 million tons of sugar nationwide, an increase of 481,600 tons year-on-year, or 54.34%; Accumulated sales of 609,000 tons of sugar, an increase of 292,200 tons year-on-year, with a growth rate of 92.23%; The cumulative sugar sales rate was 44.52%, an increase of 8.78% year-on-year. Guangxi Sugar Group's new sugar quotation is 6,090-6,190 RMB/ton, with a reduction of 20-30 RMB/ton.

Due to India and Thailand maintaining low exports, such as Brazil's rapid decline in exports in the later period, there is a possibility of temporary tightness in sugar trade flow before the first quarter, which is expected to support raw sugar prices. But Brazil's production after the reduction is likely to be at the second highest level in history, and most countries in the northern hemisphere have expectations of increasing production, with insufficient external drive.

Domestic white sugar and new sugar are being sold in large quantities, and with sufficient market supply and insufficient external driving force, it is expected that white sugar prices will mainly fluctuate and weaken in the short term.

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