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Cost of Importing Crude Soybean Oil in China-5/18/2020

2020-05-18 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 26.58 +0.40 +120N 613 65 678 7100 100
 
SBO, Argentina Jun-20 26.58 +0.40 +50N 597 65 662 5650 130
Jun/Jul-20 26.58 +0.40 +40N 595 65 660 5630  
Jul-20 26.58 +0.40 +45N 596 65 661 5640 120
Aug/Sep-20 26.93 +0.41 +10U 596 65 661 5640 110
Oct/Nov/Dec-20 27.37 +0.39 +10Z 606 65 671 5730 100
 
SBO, Brazil Jun-20 26.58 +0.40 +70N 602 65 667 5690 100
Jul-20 26.58 +0.40 +60N 599 65 664 5670 110
Oct/Nov/Dec-20 27.37 +0.39 +20Z 608 65 673 5740 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.