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Cost of Importing Crude Soybean Oil in China-5/25/2020

2020-05-25 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 26.64 -0.47 +150N 620 68 688 7240 -10
 
SBO, Argentina Jun-20 26.64 -0.47 +70N 603 68 671 5760 -30
Aug/Sep-20 26.99 -0.47 +20U 600 68 668 5730 -70
Oct/Nov/Dec-20 27.50 -0.43 +20Z 611 68 679 5820 -60
 
SBO, Brazil Jun-20 26.64 -0.47 +100N 609 68 677 5810 -100
Jul-20 26.64 -0.47 +60N 601 68 669 5740 -70
Oct/Nov/Dec-20 27.50 -0.43 +30Z 613 68 681 5840 -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.