According to the monitoring of the commodity market analysis system of SunSirs, the average price of first grade white sugar in China was 5,286 RMB/ton at the beginning of the week, and 5,310 RMB/ton over the weekend, with a price increase of 0.44%.

Domestically, the futures market has shown positive performance, and macro market sentiment has rebounded, providing support for the domestic sugar market. Zhengzhou Sugar Futures also fluctuated and closed higher, with a strong performance in the market leading to an improvement in trading sentiment in the spot market. Downstream terminals of white sugar increased their enthusiasm for inquiries, and some groups offered secondary quotes. Overall transactions were still acceptable, and prices remained stable with a slight increase.

Internationally, as of February 3, 2026, 199 sugar mills in the state have started crushing during the 2025/26 crushing season, which is the same as the same period last season; Accumulated sugarcane crushing capacity was 87.029 million tons, an increase of 21.269 million tons compared to the same period last season's 65.76 million tons; The sugar production is 8.0634 million tons, with an average sugar production rate of 9.27%.

The domestic sugar market has gradually stopped reporting, and in the short term, it is expected that the sugar market will mainly fluctuate and weaken.

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