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Cost of Importing Crude Soybean Oil in China--7/22/2020

2020-07-22 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 30.07 +0.14 +350Q 740 63 803 8240 20
   
SBO, Argentina Aug-2020 30.07 +0.14 +280Q 725 63 788 6590 50
Sep-2020 30.21 +0.13 +250U 721 63 784 6560 30
Oct/Dec-2020 30.68 +0.15 +140Z 707 63 770 6440 40
   
SBO, Brazil Sep-2020 30.21 +0.13 +310U 734 63 797 6660 50
Oct/Nov/Dec-20 30.68 +0.15 +200Z 721 63 784 6560 30
Jan-21 30.89 +0.15 +100F 703 70 773 6470 10
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.