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Cost of Importing Crude Soybean Oil in China--7/13/2020

2020-07-13 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 28.22 -0.07 +300Q 688 73 761 7840 -30
   
SBO, Argentina Aug-2020 28.22 -0.07 +290Q 686 73 759 6380 -10
Aug/Sep-2020 28.38 -0.07 +270U 685 73 758 6370 -20
Oct/Dec-2020 28.84 -0.08 +180Z 675 73 748 6290 -50
   
SBO, Brazil Aug-2020 28.22 -0.07 +340Q 697 73 770 6470 -10
Aug/Sep-2020 28.38 -0.07 +310U 694 73 767 6440 -20
Oct/Dec-2020 28.84 -0.08 +250Z 691 73 764 6420 -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.