According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 5,850 RMB/ton at the beginning of last week, and 5,868 RMB/ton at the end of last week, with a price increase of 0.31%.

Domestically, as of the end of August, inventory pressure was relatively light, and sales progress overall met expectations. The pressure of imported sugar is significant, and the import volume is expected to remain at a high level in August. Although the Mid Autumn Festival and National Day are approaching, there is a certain demand for stocking in the early stage of the market, but the trading atmosphere in the spot market has weakened, and the transaction performance is average.

In terms of imports, China imported 830,000 tons of sugar in August, an increase of 60,000 tons year-on-year and 90,000 tons month on month in July. The continuous increase in domestic imports has brought significant pressure to the domestic spot market. After the sharp decline, the spot market's willingness to price has increased, and there is a possibility for Zhengzhou Sugar to stop falling in the short term, but the short-term upward momentum is insufficient.

Although there is a shortage of supply in China, the market demand is insufficient, and it is expected that the price of white sugar will mainly fluctuate and weaken in the short term.

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