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Cost of Importing Crude Soybean Oil in China-6/3/2020

2020-06-03 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 27.94 +0.34 +150N 649 68 717 7500 60
 
SBO, Argentina Jun-20 27.94 +0.34 +180N 656 68 724 6170 70
Aug/Sep-20 28.29 +0.33 +90U 644 68 712 6070 50
Oct/Nov/Dec-20 28.77 +0.33 +100Z 656 68 724 6170 60
 
SBO, Brazil Jul-20 27.94 +0.34 +190N 658 68 726 6190 90
Aug/Sep-20 28.29 +0.33 +100U 646 68 714 6090 50
Oct/Nov/Dec-20 28.77 +0.33 +120Z 661 68 729 6220 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.