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Cost of Importing Crude Soybean Oil in China-5/20/2020

2020-05-20 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 27.09 -0.23 +120N 623 65 688 7200 -70
 
SBO, Argentina Jun-20 27.09 -0.23 +80N 615 65 680 5800 -10
Aug/Sep-20 27.43 -0.25 +40U 614 65 679 5790 -20
Oct/Nov/Dec-20 27.89 -0.24 +20Z 619 65 684 5830 -30
 
SBO, Brazil Jun-20 27.09 -0.23 +100N 619 65 684 5830 20
Jul-20 27.09 -0.23 +90N 617 65 682 5820 50
Oct/Nov/Dec-20 27.89 -0.24 +30Z 622 65 687 5860 -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.