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Cost of Importing Crude Soybean Oil in China--7/15/2020

2020-07-15 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 28.46 +0.38 +300Q 693 63 756 7800 -20
   
SBO, Argentina Aug-2020 28.46 +0.38 +330Q 700 63 763 6420 -10
Sep-2020 28.61 +0.38 +320U 701 63 764 6430 -10
Oct/Dec-2020 29.09 +0.39 +200Z 685 63 748 6300 -10
   
SBO, Brazil Aug-2020 28.46 +0.38 +400Q 715 63 778 6540 -40
Sep-2020 28.61 +0.38 +400U 719 63 782 6580 30
Oct/Nov/Dec-20 29.09 +0.39 +280Z 704 63 767 6450 50
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.