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Cost of Importing Crude Soybean Oil in China--8/5/2020

2020-08-05 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 31.05 -0.27 +350Z 762 63 825 8440 -100
   
SBO, Argentina Aug 31.53 -0.14 +320Q 766 63 829 6910 -200
Sep 31.05 -0.17 +310U 753 63 816 6800 -80
Oct/Dec 31.05 -0.27 +210Z 731 63 794 6620 -80
   
SBO, Brazil Sep 31.05 -0.17 +400U 773 63 836 6970 -260
Oct/Nov/Dec 31.05 -0.27 +320Z 755 63 818 6820 -150
Jan 31.21 -0.28 +220F 737 70 807 6730 -80
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.