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Cost of Importing Crude Soybean Oil in China-6/17/2020

2020-06-17 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 27.99 +0.25 +150N 650 68 718 7500 10
 
SBO, Argentina Jul-20 27.99 +0.25 +110N 641 68 709 6040 -160
Aug/Sep-20 28.32 +0.22 +110U 649 68 717 6110 10
Oct/Nov/Dec-20 28.80 +0.20 +70Z 650 68 718 6110 -60
 
SBO, Brazil Jul-20 27.99 +0.25 +150N 650 68 718 6110 -90
Aug/Sep-20 28.32 +0.22 +150U 658 68 726 6180 0
Oct/Nov/Dec-20 28.80 +0.20 +100Z 657 68 725 6170 -90
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.