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Cost of Importing Crude Soybean Oil in China--8/10/2020

2020-08-10 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 30.75 -0.53 +350Z 755 70 825 8460 -120
   
SBO, Argentina Sep 30.85 -0.37 +290U 744 70 814 6800 -70
Oct/Nov/Dec 30.75 -0.53 +180Z 717 70 787 6580 -120
Jan 30.91 -0.52 +120F 708 70 778 6500 -130
   
SBO, Brazil Sep 30.85 -0.37 +450U 779 70 849 7090 -120
Oct/Nov/Dec 30.75 -0.53 +400Z 766 70 836 6980 -30
Jan 30.91 -0.52 +180F 721 70 791 6620 -100
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.