According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 5,950 RMB/ton at the beginning of last week, and the average price of first grade white sugar in China was 5,950 RMB/ton at the end of last week, with prices temporarily stable.

Domestically, the sugar source in China is still acceptable, and the production and sales progress in Guangxi and Yunnan is relatively fast, which provides some positive support for the market. However, processed sugar still has an impact on the market. The local market demand performance is average, and the speed of terminal shipment is weak. Due to the gradual arrival of imported sugar in the third quarter, refineries have increased their start-up prices, resulting in loose quotes. There is an expectation of a weaker basis in the future, which limits the rebound space of the market.

As the crushing season comes to an end, market attention is gradually shifting towards the replenishment of imported sugar. In July, China imported 740,000 tons of sugar, an increase of 318,200 tons year-on-year. From January to July 2025, China imported 1.7778 million tons of sugar, an increase of 53,900 tons or 3.12% year-on-year. As of July in the 2024/25 crushing season, China imported 3.2395 million tons of sugar, a year-on-year decrease of 344,300 tons or 9.61%.

Domestic terminal sales are weak, and it is expected that sugar prices will mainly fluctuate and weaken in the short term.

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