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Cost of Importing Thailand Sugar in China--5/7/2020

2020-05-08 www.cofeed.com
Item May. 7 May. 6 Unit
ICE Most-active Contract 10.33 10.27 cents/pound
Thai Raw Sugar Premiums 2.72 2.8 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.0927 7.13 (CNY/USD)
Duty-paid Price within Quotas 3394 3414 CNY/tonne
   Price Spread with Shandong Sugar 2206 2186 CNY/tonne
 Price Spread with Guangxi Sugar 2106 2046 CNY/tonne
Price Spread with Yunnan Sugar 1986 1936 CNY/tonne
Price Spread with ZCE Contract* 1729 1613 CNY/tonne
Duty-paid Price beyond Quotas 5247 5280 CNY/tonne
   Price Spread with Shandong Sugar 353 320 CNY/tonne
 Price Spread with Guangxi Sugar 253 180 CNY/tonne
Price Spread with Yunnan Sugar 133 70 CNY/tonne
Price Spread with ZCE Contract -124 -253 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange