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Cost of Importing Crude Soybean Oil in China-5/27/2020

2020-05-27 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 27.27 +0.63 +150N 634 68 702 7400 160
 
SBO, Argentina Jun-20 27.27 +0.63 +80N 619 68 687 5910 150
Aug/Sep-20 27.62 +0.63 +30U 616 68 684 5880 150
Oct/Nov/Dec-20 28.15 +0.65 +20Z 625 68 693 5960 140
 
SBO, Brazil Jun-20 27.27 +0.63 +130N 630 68 698 6000 190
Jul-20 27.27 +0.63 +60N 615 68 683 5870 130
Oct/Nov/Dec-20 28.15 +0.65 +20Z 625 68 693 5960 120
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.