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Cost of Importing Crude Soybean Oil in China--7/17/2020

2020-07-17 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 29.27 +0.47 +350Q 723 63 786 8090 220
   
SBO, Argentina Aug-2020 29.27 +0.47 +300Q 712 63 775 6500 30
Sep-2020 29.42 +0.48 +280U 710 63 773 6490 50
Oct/Dec-2020 29.84 +0.47 +160Z 693 63 756 6350 20
   
SBO, Brazil Aug-2020 29.27 +0.47 +400Q 733 63 796 6680 70
Sep-2020 29.42 +0.48 +370U 730 63 793 6650 60
Oct/Nov/Dec-20 29.84 +0.47 +260Z 715 63 778 6530 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.