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Cost of Importing Crude Soybean Oil in China--6/22/2020

2020-06-22 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 28.52 +0.46 +150N 662 68 730 7610 100
 
SBO, Argentina Jul-2020 28.52 +0.46 +230N 679 68 747 6350 150
Aug/Sep-2020 28.85 +0.45 +170U 674 68 742 6310 100
Oct/Dec-2020 29.31 +0.44 +110Z 670 68 738 6280 80
 
SBO, Brazil Jul-2020 28.52 +0.46 +270N 688 68 756 6430 160
Aug/Sep-2020 28.85 +0.45 +230U 686 68 754 6410 190
Oct/Dec-2020 29.31 +0.44 +210Z 692 68 760 6460 130
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.