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Cost of Importing Crude Soybean Oil in China--7/31/2020

2020-07-31 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 Nov/Dec 30.16 +0.10 +350Z 742 63 805 8280 10
   
SBO, Argentina Aug 29.98 +0.31 +470Q 765 63 828 6940 50
Sep 29.89 +0.17 +360U 738 63 801 6720 20
Oct/Dec 30.16 +0.10 +240Z 718 63 781 6550 10
   
SBO, Brazil Sep 29.89 +0.17 +570U 784 63 847 7090 40
Oct/Nov/Dec 30.16 +0.10 +360Z 744 63 807 6770 40
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.