Source: Jintou.com
According to monitoring by SunSirs: Level 1 at the beginning of this weekwhite sugarThe average price was 5,756 yuan / ton, and the average price of first-grade white sugar on weekends was 5,740 yuan / ton, a price decrease of 0.28%, and a price decrease of 1.24% compared with the same period last year.
Market analysis
The price of white granulated sugar in the Yunnan market has not changed significantly, and the price of white granulated sugar in Kunming has remained at 5,560 yuan/ton to 5,580 yuan/ton including tax in the spot market. Dali and Xiangyun are offering 5,530 to 5,550 yuan/tonne including tax. In the 21/22 crushing season, my country imported 5.3372 million tons of sugar, a year-on-year decrease of 997,800 tons, a decrease of 15.75%.
US sugar continued to rise, mainly due to heavy rains in the main production areas of Brazil, which affected the progress of sugarcane harvesting. On the other hand, India’s production and export growth is also slow. Brazil and India, the two major exporting countries, have tight short-term supply, prompting continued price increases. Brazil’s sugar cane production is expected to rebound significantly next year, which will be unfavorable to prices in the medium and long term. On the other hand, it is expected that India’s output in this grinding season will remain high, and its export volume will remain high. The supply in the international sugar market is still relatively loose.
Forecast
With the overlay of good news at home and abroad, it is expected that the price in the market forecast will be dominated by strong shocks.
(Article source: SunSir)
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