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Cost of Importing Crude Soybean Oil in China-6/10/2020

2020-06-10 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 28.23 +0.13 +180N 662 68 730 7610 40
 
SBO, Argentina Jun-20 28.23 +0.13 +170N 660 68 728 6190  
Jul-20 28.23 +0.13 +160N 658 68 726 6170 30
Aug/Sep-20 28.60 +0.12 +100U 653 68 721 6130 20
Oct/Nov/Dec-20 29.14 +0.12 +80Z 660 68 728 6190 30
 
SBO, Brazil Jul-20 28.23 +0.13 +200N 667 68 735 6250 40
Aug/Sep-20 28.60 +0.12 +150U 664 68 732 6220 60
Oct/Nov/Dec-20 29.14 +0.12 +140Z 673 68 741 6300 30
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.