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Cost of Importing Crude Soybean Oil in China--7/3/2020

2020-07-03 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 27.96 -0.25 +220N 665 73 738 7680 -50
 
SBO, Argentina Aug-2020 28.09 -0.27 +150Q 653 73 726 6160 -20
Aug/Sep-2020 28.26 -0.26 +130U 652 73 725 6160 -30
Oct/Dec-2020 28.75 -0.26 +110Z 658 73 731 6200 10
 
SBO, Brazil Aug-2020 28.09 -0.27 +230Q 670 73 743 6300 20
Aug/Sep-2020 28.26 -0.26 +180U 663 73 736 6250 -50
Oct/Dec-2020 28.75 -0.26 +160Z 669 73 742 6300 -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.