According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 6,232 RMB/ton at the beginning of last week, and the average price of first grade white sugar in China was 6,240 RMB/ton at the end of last week, with a price increase of 0.13%.

Last week, the domestic supply side steadily increased, and there was no significant adjustment on the demand side. However, supported by international sugar prices, the spot price of white sugar remained strong during the week, with frequent price adjustments in some production areas, but limited room for price fluctuations in sales areas. Last week, the average market price in Nanning, Guangxi was 6,076 RMB/ton, a month on month increase of 0.16%; The average market price in Kunming, Yunnan is 5,928 RMB/ton, a decrease of 0.20% compared to the previous period; As of the end of January 2024/25, a total of 7.4928 million tons of sugar were produced nationwide, an increase of 1.6252 million tons or 27.7% year-on-year.

Sugar supply is abundant, with some areas experiencing a backlog of supply. Sugar factories in Guangxi and Guangdong have gradually started to harvest and extract sugar, but the market for new sugar is still in a period of concentrated listing. The supply of sugar spot is abundant, and coupled with smooth domestic logistics, new sugar from sales areas is quickly arriving, resulting in some port sources accumulating.

Supported by international raw sugar prices, it is expected that in the short term, white sugar prices will mainly fluctuate with a strong trend.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.