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Cost of Importing Crude Soybean Oil in China--6/26/2020

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 27.54 -0.11 +220N 656 73 729 7600 -20
 
SBO, Argentina Jul-2020 27.74 -0.11 +200Q 656 73 729 6200 -70
Aug-2020 27.74 -0.11 +180Q 652 73 725 6160  
Aug/Sep-2020 27.91 -0.10 +160U 651 73 724 6160 -50
Oct/Dec-2020 28.42 -0.08 +110Z 651 73 724 6160 -30
 
SBO, Brazil Jul-2020 27.54 -0.11 +250N 662 73 735 6250 -20
Aug/Sep-2020 27.91 -0.10 +200U 660 73 733 6230 -50
Oct/Dec-2020 28.42 -0.08 +170Z 664 73 737 6270 -30
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.