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Cost of Importing Crude Soybean Oil in China--6/25/2020

2020-06-28 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 27.65 -0.52 +220N 658 73 731 7620  
 
SBO, Argentina Jul-2020 27.65 -0.52 +250N 665 73 738 6270 -60
Aug/Sep-2020 28.01 -0.52 +180U 657 73 730 6210 -80
Oct/Dec-2020 28.50 -0.52 +120Z 655 73 728 6190 -60
 
SBO, Brazil Jul-2020 27.65 -0.52 +250N 665 73 738 6270 -120
Aug/Sep-2020 28.01 -0.52 +220U 666 73 739 6280 -70
Oct/Dec-2020 28.50 -0.52 +180Z 668 73 741 6300 -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.