According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 6,220 RMB/ton at the beginning of the week, and 6,204 RMB/ton at the end of the week, with a price drop of 0.26%.

In terms of domestic supply, the final sugar production in Guangxi during this crushing season was 6.465 million tons, an increase of 283,600 tons year-on-year; The final sugar production in Inner Mongolia was 663,500 tons, an increase of 128,500 tons year-on-year; The final sugar production in Yunnan region was 2.4188 million tons, an increase of 386,800 tons year-on-year. As of the end of May, the industrial inventory in Yunnan Province was 862,900 tons, an increase of 2,500 tons year-on-year; Guangxi's industrial inventory was 1.8197 million tons, a year-on-year decrease of 253,500 tons; Hainan Province's industrial inventory was 34,800 tons, an increase of 6,100 tons year-on-year.

In the second half of May, the sugar production in central and southern Brazil decreased by 7.72% year-on-year, and the pressing progress was delayed by 40%. If the subsequent rainfall eases the drought, production capacity will be restored or sugar prices will be suppressed. Thai sugarcane is growing well, raw sugar futures are weak and fluctuating, and the cost of imported processed sugar is decreasing.

Domestic small and medium-sized manufacturers are reducing their procurement volume, and processing sugar factories will experience a peak in raw sugar arrivals in July and August, leading to increased expectations of loose supply in the long term. It is expected that the price of white sugar will mainly fluctuate and weaken in the short term.

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