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Cost of Importing Crude Soybean Oil in China-6/15/2020

2020-06-15 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 0.00 +180N 646 68 714 7450 0
 
SBO, Argentina Jul-20 27.50 0.00 +170N 644 68 712 6060 -90
Aug/Sep-20 27.88 0.00 +160U 650 68 718 6110 -10
Oct/Nov/Dec-20 28.42 -0.02 +120Z 653 68 721 6130 -40
 
SBO, Brazil Jul-20 27.50 0.00 +220N 655 68 723 6150 -30
Aug/Sep-20 27.88 0.00 +200U 659 68 727 6180 10
Oct/Nov/Dec-20 28.42 -0.02 +180Z 666 68 734 6240 10
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.