Price trend

On March 8, the spot price of white granulated sugar was 5,796 RMB/ton, a year-on-year increase of 0.07%.

Analysis review

The surge in crude oil is good for the market sentiment, and the short-term increase in the MTBE market is obvious. The favorable weather has accelerated the progress of harvesting and crushing in Guangxi production areas. The market expects that most white granulated sugar factories in Guangxi will complete the crushing period in mid-to-early March. Close to the domestic fixed production, the internal and external price difference has widened, the import cost has increased, the spot market trading atmosphere is active, and the focus of Zhengzhou White granulated sugar future has moved up.

Market outlook

It is expected that with the strengthening of the international market, the domestic market will also passively follow. On the whole, the price of white granulated sugar will rise in the future.

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