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Cost of Importing Crude Soybean Oil in China--8/3/2020

2020-08-03 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 30.76 +0.60 +350Z 755 63 818 8400 120
   
SBO, Argentina Aug 30.91 +0.93 +400Q 770 63 833 6970 30
Sep 30.47 +0.58 +320U 742 63 805 6740 20
Oct/Dec 30.76 +0.60 +220Z 727 63 790 6610 60
   
SBO, Brazil Sep 30.47 +0.58 +550U 793 63 856 7160 70
Oct/Nov/Dec 30.76 +0.60 +340Z 753 63 816 6830 50
Jan 30.93 +0.60 +220F 731 70 801 6700  
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.