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Cost of Importing Thailand Sugar in China--5/8/2020

2020-05-09 www.cofeed.com
Item May. 8 May. 7 Unit
ICE Most-active Contract 10.29 10.33 cents/pound
Thai Raw Sugar Premiums 2.72 2.72 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.0948 7.0927 (CNY/USD)
Duty-paid Price within Quotas 3386 3394 CNY/tonne
   Price Spread with Shandong Sugar 2214 2206 CNY/tonne
 Price Spread with Guangxi Sugar 2114 2106 CNY/tonne
Price Spread with Yunnan Sugar 2014 1986 CNY/tonne
Price Spread with ZCE Contract* 1729 1729 CNY/tonne
Duty-paid Price beyond Quotas 5234 5247 CNY/tonne
   Price Spread with Shandong Sugar 366 353 CNY/tonne
 Price Spread with Guangxi Sugar 266 253 CNY/tonne
Price Spread with Yunnan Sugar 166 133 CNY/tonne
Price Spread with ZCE Contract -119 -124 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange