According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 5,943 RMB/ton at the beginning of the month, and 5,818 RMB/ton at the end of the month, with a price drop of 2.10%.

Domestically, the expected increase in production during the new crushing season remains unchanged, and coupled with the continued increase in imported syrup and premix powder compared to the previous period, the supply pressure will gradually increase in the later stage. The traditional peak demand season is coming to an end, and domestic spot transactions are average, resulting in short-term stable and weak spot prices. As the National Day and Mid Autumn Festival holidays approach, most terminal enterprises have completed stocking up, while other terminal enterprises and traders have been affected by the fluctuation and decline in sugar prices, with a strong intention to use and purchase as needed, resulting in slightly weak market trading in September.

Internationally, the raw sugar market continues to experience weak fluctuations, with trading focusing on Brazil's short-term production pace, India's export release prospects, major importing countries' demand, and the delivery of raw sugar contracts in October. In the second half of August, Brazil's sugar production was 3.872 million tons, an increase of 596,000 tons from 3.276 million tons in the same period last year, with a year-on-year growth rate of 18.21%. The market is currently waiting for the release of crushing data from central and southern Brazil in the first half of August, and it is expected that sugar prices will fluctuate weakly in the later period.

Domestic spot trading has slowed down, with no new positive drivers, and it is expected that sugar prices will mainly fluctuate and weaken in the short term.

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