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Cost of Importing Crude Soybean Oil in China-6/2/2020

2020-06-02 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 Jun-20 27.60 +0.22 +150N 642 68 710 7440 50
 
SBO, Argentina Jun-20 27.60 +0.22 +170N 646 68 714 6100 140
Jul-20 27.60 +0.22 +170N 646 68 714 6100 190
Aug/Sep-20 27.96 +0.25 +90U 636 68 704 6020 110
Oct/Nov/Dec-20 28.44 +0.23 +90Z 647 68 715 6110 110
 
SBO, Brazil Jul-20 27.60 +0.22 +170N 646 68 714 6100 120
Aug/Sep-20 27.96 +0.25 +100U 639 68 707 6040 90
Oct/Nov/Dec-20 28.44 +0.23 +110Z 651 68 719 6140 90
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.