Commodity News
SunSirs: Sugar Prices Were Weak, and Transactions Were Mediocre
June 29 2022 13:58:17 SunSirs (John)
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.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
Related Information
- 2024-04-23 SunSirs: Sales are Light, Sugar Prices are Falling in China
- 2024-04-15 SunSirs: Sales are Light, China Sugar Prices are Falling
- 2024-03-27 SunSirs: Market Fluctuations, China Sugar Prices Fluctuate in the First Quarter of 2024
- 2024-03-27 SunSirs: Inventory Reduction, China Sugar Price Increases
- 2024-03-15 SunSirs: Sales Improved, China Sugar Prices Increased
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