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Cost of Importing Crude Soybean Oil in China--7/9/2020

2020-07-09 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 28.55 -0.32 +300Q 696 73 769 7920 -80
   
SBO, Argentina Aug-2020 28.55 -0.32 +250Q 685 73 758 6360 40
Aug/Sep-2020 28.71 -0.33 +260U 690 73 763 6400 60
Oct/Dec-2020 29.21 -0.35 +180Z 684 73 757 6360 -10
   
SBO, Brazil Aug-2020 28.55 -0.32 +290Q 694 73 767 6440 -70
Aug/Sep-2020 28.71 -0.33 +270U 693 73 766 6430 -40
Oct/Dec-2020 29.21 -0.35 +200Z 688 73 761 6390 -80
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.