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Cost of Importing Crude Soybean Oil in China--7/2/2020

2020-07-02 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 28.21 +0.23 +220N 670 73 743 7730 50
 
SBO, Argentina Jul-2020 28.36 +0.22 +140Q 656 73 729 6180 -40
Aug-2020 28.36 +0.22 +140Q 656 73 729 6180  
Aug/Sep-2020 28.52 +0.22 +130U 657 73 730 6190 0
Oct/Dec-2020 29.01 +0.35 +80Z 657 73 730 6190 10
 
SBO, Brazil Aug-2020 28.36 +0.22 +190Q 667 73 740 6280 -10
Aug/Sep-2020 28.52 +0.22 +180U 669 73 742 6300 0
Oct/Dec-2020 29.01 +0.35 +140Z 671 73 744 6310 -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.