Domestic Sugar Market Update: Pricing Analysis for Guangxi, Yunnan, and Refineries
On March 20, 2026, China's domestic sugar market displayed regional pricing variations. Spot transaction prices for white sugar in Guangxi remained stable, with some sugar mills adjusting their quotes slightly. Yunnan's prices held steady, and refinery quotes remained unchanged. The market predominantly saw origin-based pricing, with downstream buyers purchasing on demand, leading to relatively stable spot transaction volumes.
On March 20, 2026, the pricing situation in China's domestic sugar market was as follows:
The spot transaction price for white sugar in the Guangxi region was 5394 yuan/ton, remaining unchanged from the previous trading day. Major sugar mills in Guangxi quoted prices within the range of 5400 to 5490 yuan/ton, with a few enterprises slightly increasing their quotes by 10 yuan/ton. This indicates subtle shifts in the supply and demand dynamics within the region.
Meanwhile, sugar mills in the Yunnan region maintained their quotes within the range of 5280 to 5320 yuan/ton, showing no changes. This reflects the relative stability of market prices in that area.
Mainstream quotes from sugar refineries were also stable, ranging from 5680 to 5890 yuan/ton. This suggests a firm pricing stance in the refined sugar market.
Overall, sugar mills in the producing regions are primarily adopting a cost-plus pricing strategy, adjusting prices flexibly based on costs and market conditions. Downstream buyers continue to procure on an as-needed basis, with no significant stockpiling or concentrated purchasing observed. Consequently, the overall transaction volume in the domestic spot sugar market today was relatively moderate, indicating a stable trading atmosphere.