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Cost of Importing Crude Soybean Oil in China--7/28/2020

2020-07-28 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 30.14 -0.23 +350Z 742 63 805 8280 -50
   
SBO, Argentina Aug-2020 29.60 -0.20 +390Q 739 63 802 6720 80
Sep-2020 29.71 -0.21 +340U 730 63 793 6650 40
Oct/Dec-2020 30.14 -0.23 +210Z 711 63 774 6500 -10
   
SBO, Brazil Sep-2020 29.71 -0.21 +500U 765 63 828 6940 130
Oct/Nov/Dec-20 30.14 -0.23 +270Z 724 63 787 6600 -50
Jan-21 30.37 -0.23 +180F 709 70 779 6540 -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.