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Cost of Importing Crude Soybean Oil in China-5/14/2020

2020-05-14 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 25.91 -0.35 +120N 598 65 663 6940 -60
 
SBO, Argentina Jun-20 25.91 -0.35 -20N 567 65 632 5400 0
Aug/Sep-20 26.26 -0.35 -30U 572 65 637 5440 -50
Oct/Nov/Dec-20 26.73 -0.34 -10Z 587 65 652 5570 0
 
SBO, Brazil Jun-20 25.91 -0.35 20U 575 65 640 5460 0
Jul-20 25.91 -0.35 10U 574 65 639 5460 20
Oct/Nov/Dec-20 26.73 -0.34 10Z 592 65 657 5610 20
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.