SunSirs:Sugar consumption is still good, and the price is temporarily stable
April 24 2022 14:11:23The spot price of white sugar is 5870 RMB/ton. The main domestic production areas have finished pressing one after another and are about to enter the stage of pure destocking. At present, the inventory pressure is moderate. It is expected that the current epidemic is more serious and other places will bring retaliatory consumption after unsealing. Therefore, domestic consumption is expected to be better.
On the whole, there is a drive to equalize the internal and external price difference. The EU-27 import forecast in 22 / 23 was lowered to 1.7 million tons and 2 million tons in 21 / 22. It is expected that the price of Zheng sugar may continue to maintain the long trend next week.
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