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Cost of Importing Crude Soybean Oil in China-5/8/2020

2020-05-08 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 26.26 +0.42 +120N 605 65 670 6990 70
 
SBO, Argentina Jun-20 26.26 +0.42 -70N 564 65 629 5360 30
Aug/Sep-20 26.60 +0.39 -60U 573 65 638 5430 50
Oct/Nov/Dec-20 27.08 +0.36 -50Z 586 65 651 5540 50
 
SBO, Brazil Jun-20 26.26 +0.42 -80U 562 65 627 5340 -30
Jul-20 26.26 +0.42 -60U 573 65 638 5430 100
Oct/Nov/Dec-20 27.08 +0.36 -50Z 586 65 651 5540 30
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.