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

2020-07-07 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne
SBO, US Gulf Jul-2020 28.54 +0.45 +220Q 678 73 751 7750
 
SBO, Argentina Aug-2020 28.54 +0.45 +180Q 669 73 742 6250
Aug/Sep-2020 28.71 +0.45 +170U 671 73 744 6260
Oct/Dec-2020 29.23 +0.48 +120Z 671 73 744 6260
 
SBO, Brazil Aug-2020 28.54 +0.45 +220Q 678 73 751 6320
Aug/Sep-2020 28.71 +0.45 +180U 673 73 746 6280
Oct/Dec-2020 29.23 +0.48 +170Z 682 73 755 6350
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.