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Cost of Importing Crude Soybean Oil in China-5/28/2020

2020-05-28 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 27.60 +0.33 +150N 642 68 710 7490 90
 
SBO, Argentina Jun-20 27.60 +0.33 +70N 624 68 692 5960 50
Aug/Sep-20 27.96 +0.34 +30U 623 68 691 5950 70
Oct/Nov/Dec-20 28.46 +0.31 +20Z 632 68 700 6030 70
 
SBO, Brazil Jun-20 27.60 +0.33 +150N 642 68 710 6110 110
Jul-20 27.60 +0.33 +70N 624 68 692 5960 90
Oct/Nov/Dec-20 28.46 +0.31 +30Z 634 68 702 6040 80
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.