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Cost of Importing Crude Soybean Oil in China-6/16/2020

2020-06-16 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 27.74 +0.24 +180N 651 68 719 7490 40
 
SBO, Argentina Aug/Sep-20 28.10 +0.22 +140U 650 68 718 6100 -10
Oct/Nov/Dec-20 28.60 +0.18 +130Z 659 68 727 6170 40
 
SBO, Brazil Jul-20 27.74 +0.24 +230N 662 68 730 6200 50
Aug/Sep-20 28.10 +0.22 +180U 659 68 727 6180 0
Oct/Nov/Dec-20 28.60 +0.18 +180Z 670 68 738 6260 20
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.