According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 6,260 RMB/ton at the beginning of the week, and 6,248 RMB/ton at the end of the week, with a price drop of 0.19%.

At present, a large number of new sugar products are being launched, and the overall market supply is relatively abundant. As of the end of December 2024, a total of 4.4034 million tons of sugar were produced nationwide in 2024/25, an increase of 1.2083 million tons year-on-year, with a growth rate of 37.82%. Among them, Inner Mongolia has purchased a total of 5.89 million tons of sugar beets, an increase of 1.89 million tons year-on-year. According to the estimated purchase volume and sugar yield, Inner Mongolia's sugar production in 2024/25 will be 680,000 tons.

On the demand side, as the Spring Festival approaches, terminal stocking may come to an end next week, and the speed of domestic white sugar sales may further slow down, resulting in a lack of substantial positive support for sugar prices; In January, the number of sugar mills opened in Yunnan may continue to increase, and the domestic supply capacity of new sugar will further improve. In addition, with the slowdown of the terminal market, a large amount of new sugar may be stored, and the domestic industrial inventory may increase significantly.

The domestic supply of white sugar is sufficient, and market transactions are lower than expected. It is expected that the price of white sugar will mainly fluctuate and weaken in the short term.

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