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Cost of Importing Crude Soybean Oil in China-6/12/2020

2020-06-12 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 27.50 -0.50 +180N 646 68 714 7450 -90
 
SBO, Argentina Jul-20 27.50 -0.50 +220N 655 68 723 6150 -50
Aug/Sep-20 27.88 -0.49 +170U 652 68 720 6120 -60
Oct/Nov/Dec-20 28.44 -0.48 +140Z 658 68 726 6170 -50
 
SBO, Brazil Jul-20 27.50 -0.50 +240N 659 68 727 6180 -150
Aug/Sep-20 27.88 -0.49 +190U 657 68 725 6170 -80
Oct/Nov/Dec-20 28.44 -0.48 +170Z 665 68 733 6230 -70
Apr/May-21 29.03 -0.46 -150K 607 68 675 5750  
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.