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Cost of Importing Crude Soybean Oil in China-6/19/2020

2020-06-19 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-2020 28.06 -0.04 +150N 652 68 720 7510 0
 
SBO, Argentina Jul-2020 28.06 -0.04 +190N 661 68 729 6200 60
Aug-2020 28.25 -0.03 +160Q 658 68 726 6170  
Aug/Sep-2020 28.40 -0.03 +160U 662 68 730 6210 40
Oct/Dec-2020 28.87 -0.03 +110Z 661 68 729 6200 20
 
SBO, Brazil Jul-2020 28.06 -0.04 +230N 669 68 737 6270 90
Aug/Sep-2020 28.40 -0.03 +170U 664 68 732 6220 0
Oct/Dec-2020 28.87 -0.03 +180Z 676 68 744 6330 60
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.