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Cost of Importing Crude Soybean Oil in China-6/11/2020

2020-06-11 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 28.00 -0.23 +180N 657 68 725 7540 -70
 
SBO, Argentina Jul-20 28.00 -0.23 +210N 664 68 732 6200 30
Aug/Sep-20 28.37 -0.23 +160U 661 68 729 6180 50
Oct/Nov/Dec-20 28.92 -0.22 +130Z 666 68 734 6220 30
 
SBO, Brazil Jun-20 28.00 -0.23 +270N 677 68 745 6310  
Jul-20 28.00 -0.23 +280N 679 68 747 6330 80
Aug/Sep-20 28.37 -0.23 +200U 670 68 738 6250 30
Oct/Nov/Dec-20 28.92 -0.22 +170Z 675 68 743 6300 0
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.