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Cost of Importing Crude Soybean Oil in China-6/5/2020

2020-06-05 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 27.82 -0.04 +180N 654 68 722 7560 50
 
SBO, Argentina Jul-20 27.82 -0.04 +170N 651 68 719 6140  
Aug/Sep-20 28.19 -0.03 +100U 644 68 712 6080 -20
Oct/Nov/Dec-20 28.68 0.00 +100Z 654 68 722 6160 -30
 
SBO, Brazil Jul-20 27.82 -0.04 +210N 660 68 728 6210 -40
Aug/Sep-20 28.19 -0.03 +130U 650 68 718 6130 10
Oct/Nov/Dec-20 28.68 0.00 +130Z 661 68 729 6220 -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.