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Cost of Importing Crude Soybean Oil in China-6/8/2020

2020-06-08 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 28.14 +0.32 +180N 660 68 728 7600 40
 
SBO, Argentina Jul-20 28.14 +0.32 +160N 658 68 726 6180 40
Aug/Sep-20 28.52 +0.33 +110U 653 68 721 6140 60
Oct/Nov/Dec-20 29.04 +0.36 +100Z 662 68 730 6220 60
 
SBO, Brazil Jul-20 28.14 -0.04 +200N 665 68 733 6240 30
Aug/Sep-20 28.52 -0.03 +130U 658 68 726 6180 50
Oct/Nov/Dec-20 29.04 0.00 +140Z 671 68 739 6290 70
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.