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Cost of Importing Crude Soybean Oil in China-5/29/2020

2020-05-29 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 27.39 -0.21 +150N 637 68 705 7430 -60
 
SBO, Argentina Jun-20 27.39 -0.21 +80N 621 68 689 5920 -40
Aug/Sep-20 27.74 -0.22 +40U 620 68 688 5910 -40
Oct/Nov/Dec-20 28.24 -0.22 +30Z 629 68 697 5990 -40
 
SBO, Brazil Jun-20 27.39 -0.21 +170N 641 68 709 6090 -20
Jul-20 27.39 -0.21 +140N 635 68 703 6040 80
Oct/Nov/Dec-20 28.24 -0.22 +50Z 634 68 702 6030 -10
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.