On March 1, the spot price of white granulated sugar was 5,724 RMB/ton, a year-on-year increase of 4.45%. The domestic spot market price has fallen to near the cost line of some sugar factories in the south, and the room for continued decline is very limited.
Analysis review
In the absence of international sugar competition, the contradiction of over-concentration of supply in the early stage is gradually easing. With the passage of time, the sales pressure on the domestic spot market will only become lighter.
Market outlook
It is expected that the price trend of white granulated sugar will be dominated by narrow fluctuations.
