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Cost of Importing Crude Soybean Oil in China--6/30/2020

2020-06-30 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 27.62 +0.42 +220N 657 73 730 7600 80
 
SBO, Argentina Jul-2020 27.78 +0.37 +190Q 654 73 727 6170  
Aug-2020 27.78 +0.37 +190Q 654 73 727 6170 60
Aug/Sep-2020 27.95 +0.37 +160U 652 73 724 6150 60
Oct/Dec-2020 28.46 +0.38 +110Z 652 73 724 6150 60
 
SBO, Brazil Jul-2020 27.62 +0.42 +240N 662 73 735 6240 70
Aug/Sep-2020 27.95 +0.37 +240U 669 73 742 6300 90
Oct/Dec-2020 28.46 +0.38 +180Z 667 73 740 6280 20
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.