Price trend

According to the monitoring of SunSirs, on the 28th, the average price of white sugar was 5,898 RMB/ton.

Analysis review

Domestically, as the temperature continues to rise, the consumption of frozen drinks and sugar-sweetened drinks will usher in an increase, and the endogenous power brought by sugar consumption is expected to rekindle market confidence. This will help speed up the destocking process of sugar and give a boost to sugar prices.

Market outlook

It is expected that the price of white sugar has limited downward space, and may be dominated by shock and stability.

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