• The Chinese domestic price has increased by 13% over the past month indicating stocks are tight.
  • This should be bullish for the world market coming from a major importing country.
  • However, with world market raws imports being heavily regulated demand is unlikely to increase because of this price move.
  • In fact, the price move illustrates the drastic slowdown in smuggling that we have seen this season, reducing demand for world market white sugar.

Chinese Domestic Price

Oliver Chapman

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