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Cost of Importing Crude Soybean Oil in China-5/13/2020

2020-05-13 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 -0.23 +120N 605 65 670 7000 -70
 
SBO, Argentina Jun-20 26.26 -0.23 -50N 568 65 633 5400 -40
Aug/Sep-20 26.61 -0.23 -40U 578 65 643 5490 -20
Oct/Nov/Dec-20 27.07 -0.24 -40Z 588 65 653 5570 -40
 
SBO, Brazil Jun-20 26.26 -0.23 -20U 575 65 640 5460 -40
Jul-20 26.26 -0.23 -30U 572 65 637 5440 -40
Oct/Nov/Dec-20 27.07 -0.24 -30Z 590 65 655 5590 -50
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.