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Cost of Importing Crude Soybean Oil in China--7/21/2020

2020-07-21 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 29.93 +0.01 +350Q 737 63 800 8220 -20
   
SBO, Argentina Aug-2020 29.93 +0.01 +260Q 717 63 780 6540 -40
Sep-2020 30.08 +0.00 +240U 716 63 779 6530 -10
Oct/Dec-2020 30.53 -0.01 +120Z 700 63 763 6400 -60
   
SBO, Brazil Sep-2020 30.08 +0.00 +280U 725 63 788 6610 -100
Oct/Nov/Dec-20 30.53 -0.01 +190Z 715 63 778 6530 -130
Jan-21 30.74 +0.00 +100F 700 70 770 6460 -100
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.