SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > White granulated sugar News > News Detail
White granulated sugar News
SunSirs: White Granulated Sugar Prices Rose Due to Cost Impact on March 8
March 09 2022 10:58:31SunSirs(John)

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.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products