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Cost of Importing Thailand Sugar in China--5/11/2020

2020-05-12 www.cofeed.com
Item May. 11 May. 8 Unit
ICE Most-active Contract 10.12 10.29 cents/pound
Thai Raw Sugar Premiums 2.72 2.72 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.1078 7.0948 (CNY/USD)
Duty-paid Price within Quotas 3353 3386 CNY/tonne
   Price Spread with Shandong Sugar 2247 2214 CNY/tonne
 Price Spread with Guangxi Sugar 2147 2114 CNY/tonne
Price Spread with Yunnan Sugar 2047 2014 CNY/tonne
Price Spread with ZCE Contract* 1771 1729 CNY/tonne
Duty-paid Price beyond Quotas 5182 5234 CNY/tonne
   Price Spread with Shandong Sugar 418 366 CNY/tonne
 Price Spread with Guangxi Sugar 318 266 CNY/tonne
Price Spread with Yunnan Sugar 218 166 CNY/tonne
Price Spread with ZCE Contract -58 -119 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange