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Cost of Importing Crude Soybean Oil in China--7/27/2020

2020-07-27 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne
SBO, US Gulf Jul-2020 30.37 +0.01 +350Z 746 63 809 8330
 
SBO, Argentina Aug-2020 29.80 +0.01 +320Q 728 63 791 6640
Sep-2020 29.92 0.00 +290U 724 63 787 6610
Oct/Dec-2020 30.37 +0.01 +190Z 712 63 775 6510
 
SBO, Brazil Sep-2020 29.92 0.00 +410U 750 63 811 6810
Oct/Nov/Dec-20 30.37 +0.01 +270Z 729 63 792 6650
Jan-21 30.60 +0.02 +160F 710 70 780 6550
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.