According to the monitoring of the commodity market analysis system of SunSirs, the average price of domestic first grade white sugar was 6,157 RMB/ton at the beginning of last week, and the average price of domestic first grade white sugar was 6,142 RMB/ton over the weekend, with a price drop of 0.24%.

On the domestic front, the market is in the traditional off-season of consumption, with downstream entities making flexible purchases and average demand for replenishment. The warehouses of channel merchants are relatively full, and the price of sugar at ports is inverted. In addition, the market is less clear afterwards, and the trading enthusiasm of the trading side is greatly affected. Even though the current production and sales progress of sugar enterprises has reached 60%, the negative situation increases the risk of slowing down the pace in the later stage.

As of the end of March, the industrial inventory in Yunnan Province was 972,300 tons, an increase of 1,200 tons year-on-year; The inventory of sugar industry in Guangxi was 2.9828 million tons, a year-on-year decrease of 207,200 tons; Guangdong's industrial inventory is 100,700 tons (190,500 tons in the same period last year); Hainan's industrial inventory was 45,300 tons, an increase of 6,600 tons year-on-year; The national industrial inventory was 4.7521 million tons, a year-on-year decrease of 86,500 tons.

The domestic demand performance is average, and with the combination of negative factors, it is expected that sugar prices will mainly fluctuate and weaken in the short term.

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