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Cost of Importing Crude Soybean Oil in China--7/16/2020

2020-07-16 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 28.80 +0.34 +300Q 701 63 764 7870 70
   
SBO, Argentina Aug-2020 28.80 +0.34 +330Q 708 63 771 6470 50
Sep-2020 28.94 +0.33 +300U 704 63 767 6440 10
Oct/Dec-2020 29.37 +0.28 +200Z 691 63 754 6330 30
   
SBO, Brazil Aug-2020 28.80 +0.34 +410Q 725 63 788 6610 70
Sep-2020 28.94 +0.33 +380U 722 63 785 6590 10
Oct/Nov/Dec-20 29.37 +0.28 +280Z 709 63 772 6480 30
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.