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Cost of Importing Crude Soybean Oil in China-6/4/2020

2020-06-04 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 27.86 -0.08 +150N 647 68 715 7510 10
 
SBO, Argentina Jun-20 27.86 -0.08 +210N 660 68 728 6230 60
Aug/Sep-20 28.22 -0.07 +100U 644 68 712 6100 30
Oct/Nov/Dec-20 28.68 -0.09 +100Z 655 68 723 6190 20
 
SBO, Brazil Jul-20 27.86 -0.08 +220N 663 68 731 6250 60
Aug/Sep-20 28.22 -0.07 +110U 647 68 715 6120 30
Oct/Nov/Dec-20 28.68 -0.09 +130Z 661 68 729 6240 20
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.