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Cost of Importing Crude Soybean Oil in China--6/29/2020

2020-06-29 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 27.20 -0.34 +220N 648 73 721 7520 -80
 
SBO, Argentina Aug-2020 27.41 -0.33 +190Q 646 73 719 6110 -50
Aug/Sep-2020 27.58 -0.33 +160U 643 73 716 6090 -70
Oct/Dec-2020 28.08 -0.34 +110Z 643 73 716 6090 -70
 
SBO, Brazil Jul-2020 27.20 -0.34 +240N 653 73 726 6170 -80
Aug/Sep-2020 27.58 -0.33 +220U 657 73 730 6210 -20
Oct/Dec-2020 28.08 -0.34 +200Z 663 73 736 6260 -10
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.