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Cost of Importing Crude Soybean Oil in China--7/14/2020

2020-07-14 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 28.08 -0.14 +300Q 685 73 758 7820 -20
   
SBO, Argentina Jul-2020 27.97 -0.14 +320N 687 73 760 6390  
Aug-2020 28.08 -0.14 +330Q 692 73 765 6430 50
Sep-2020 28.23 -0.15 +320U 693 73 766 6440  
Oct/Dec-2020 28.70 -0.14 +200Z 677 73 750 6310 20
Mac-2021 29.11 -0.16 0H 642 73 715 6020  
   
SBO, Brazil Aug-2020 28.08 -0.14 +410Q 710 73 783 6580 110
Sep-2020 28.23 -0.15 +380U 706 73 779 6550  
Oct/Nov/Dec-20 28.70 -0.14 +250Z 688 73 761 6400 -20
Apr/May-2021 29.26 -0.16 +130K 617 73 690 5810  
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.