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Cost of Importing Crude Soybean Oil in China--6/24/2020

2020-06-24 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 Jul-2020 28.17 -0.18 +150N 665 73 738 7670  
 
SBO, Argentina Jul-2020 28.17 -0.18 +220N 673 73 746 6330 -20
Aug/Sep-2020 28.53 -0.18 +180U 669 73 742 6290 -50
Oct/Dec-2020 29.04 -0.18 +110Z 664 73 737 6250 -50
 
SBO, Brazil Jul-2020 28.17 -0.18 +250N 680 73 753 6390 -10
Aug-2020 28.37 -0.18 +260Q 682 73 755 6400  
Aug/Sep-2020 28.53 -0.18 +210U 675 73 748 6350 -90
Oct/Dec-2020 29.04 -0.18 +180Z 680 73 753 6390 -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.