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Cost of Importing Crude Soybean Oil in China-5/11/2020

2020-05-11 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 26.54 +0.28 +120N 612 65 677 7060 70
 
SBO, Argentina Jun-20 26.54 +0.28 -60N 572 65 637 5420 60
Aug/Sep-20 26.88 +0.28 -60U 579 65 644 5480 50
Oct/Nov/Dec-20 27.36 +0.28 -50Z 592 65 657 5590 50
 
SBO, Brazil Jun-20 26.54 +0.28 -30U 579 65 644 5480 140
Jul-20 26.54 +0.28 -50U 574 65 639 5440 10
Oct/Nov/Dec-20 27.36 +0.28 -40Z 594 65 659 5610 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.