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Cost of Importing Crude Soybean Oil in China-5/15/2020

2020-05-15 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 26.18 +0.27 +120N 604 65 669 7000 60
 
SBO, Argentina Jun-20 26.18 +0.27 +20N 582 65 647 5520 120
Jul-20 26.18 +0.27 +20U 582 65 647 5520  
Aug/Sep-20 26.52 +0.26 -10U 583 65 648 5530 90
Oct/Nov/Dec-20 26.98 +0.25 0Z 595 65 660 5630 60
 
SBO, Brazil Jun-20 26.18 +0.27 +60U 590 65 655 5590 130
Jul-20 26.18 +0.27 +40U 586 65 651 5560 100
Oct/Nov/Dec-20 26.98 +0.25 +20Z 599 65 664 5670 60
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.