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Cost of Importing Crude Soybean Oil in China--7/23/2020

2020-07-23 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 -0.14 +350Q 737 63 800 8240 0
   
SBO, Argentina Aug-2020 29.93 -0.14 +300Q 726 63 789 6630 40
Sep-2020 30.07 -0.14 +260U 720 63 783 6580 20
Oct/Dec-2020 30.52 -0.16 +170Z 710 63 773 6500 60
   
SBO, Brazil Sep-2020 30.07 -0.14 +400U 751 63 814 6840 180
Oct/Nov/Dec-20 30.52 -0.16 +250Z 728 63 791 6650 90
Jan-21 30.74 -0.15 +150F 711 70 781 6570 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.