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Cost of Importing Crude Soybean Oil in China-5/7/2020

2020-05-07 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid Var.
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne CNY/tonne
SBO, US Gulf May-20 25.84 -0.47 +120N 596 65 661 6920 -110
 
SBO, Argentina Jun-20 25.84 -0.47 -50N 559 65 624 5330 -70
Aug/Sep-20 26.21 -0.47 -60U 565 65 630 5380 -100
Oct/Nov/Dec-20 26.72 -0.45 -50Z 578 65 643 5490 -90
 
SBO, Brazil Jun-20 25.84 -0.47 -30U 563 65 628 5370 -90
Jul-20 25.84 -0.47 -50U 559 65 624 5330 -100
Oct/Nov/Dec-20 26.72 -0.45 -40Z 580 65 645 5510 -70
Duty paid price includes the port charge (port charge= CNY80).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=Aug, U=Sept, V=Oct, X=Nov, Z=Dec.