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Cost of Importing Crude Soybean Oil in China-6/18/2020

2020-06-18 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 28.08 +0.09 +150N 652 68 720 7510 10
 
SBO, Argentina Jul-20 28.08 +0.09 +160N 654 68 722 6140 100
Aug/Sep-20 28.42 +0.10 +140U 658 68 726 6170 60
Oct/Nov/Dec-20 28.90 +0.10 +100Z 659 68 727 6180 70
 
SBO, Brazil Jul-20 28.08 +0.09 +180N 659 68 727 6180 70
Aug/Sep-20 28.42 +0.10 +170U 664 68 732 6220 40
Oct/Nov/Dec-20 28.90 +0.10 +150Z 670 68 738 6270 100
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.