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Cost of Importing Crude Soybean Oil in China--7/1/2020

2020-07-01 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 Jul-2020 28.14 +0.36 +180Q 660 73 733 6220 50
Aug/Sep-2020 28.30 +0.35 +150U 657 73 730 6190 40
Oct/Dec-2020 28.81 +0.35 +90Z 655 73 728 6180 30
 
SBO, Brazil Jul-2020 27.98 +0.36 +230N 668 73 741 6290 50
Aug/Sep-2020 28.30 +0.35 +210U 670 73 743 6300 0
Oct/Dec-2020 28.81 +0.35 +180Z 675 73 748 6340 60
Feb-2021 29.16 +0.32 +30H 650 73 723 6140  
Mar-2021 29.16 +0.32 -120H 617 73 690 5860  
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.