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Cost of Importing Crude Soybean Oil in China--7/10/2020

2020-07-10 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 28.29 -0.26 +300Q 690 73 763 7870 -50
   
SBO, Argentina Aug-2020 28.29 -0.26 +290Q 688 73 761 6390 30
Aug/Sep-2020 28.45 -0.26 +270U 687 73 760 6390 -10
Oct/Dec-2020 28.92 -0.29 +200Z 682 73 755 6340 -20
   
SBO, Brazil Aug-2020 28.29 -0.26 +340Q 699 73 772 6480 40
Aug/Sep-2020 28.45 -0.26 +310U 696 73 769 6460 30
Oct/Dec-2020 28.92 -0.29 +250Z 693 73 766 6430 40
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.