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Cost of Importing Crude Soybean Oil in China-5/12/2020

2020-05-12 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 26.49 -0.05 +120N 611 65 676 7070 10
 
SBO, Argentina Jun-20 26.49 -0.05 -50N 573 65 638 5440 20
Aug/Sep-20 26.84 -0.04 -50U 581 65 646 5510 30
Oct/Nov/Dec-20 27.31 -0.05 -40Z 593 65 658 5610 20
 
SBO, Brazil Jun-20 26.49 -0.05 -20U 580 65 645 5500 20
Jul-20 26.49 -0.05 -30U 577 65 642 5480 40
Oct/Nov/Dec-20 27.31 -0.05 -30Z 596 65 661 5640 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.