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Cost of Importing Crude Soybean Oil in China--8/11/2020

2020-08-11 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 0.00 +350Z 755 70 825 8440 -20
   
SBO, Argentina Sep 30.73 -0.12 +280U 739 70 809 6750 -50
Oct/Nov/Dec 30.75 0.00 +180Z 717 70 787 6560 -20
Jan 30.91 0.00 +100F 704 70 774 6460 -40
   
SBO, Brazil Sep 30.73 -0.12 +400U 766 70 836 6970 -120
Oct/Nov/Dec 30.75 0.00 +340Z 753 70 823 6860 -120
Jan 30.91 0.00 +160F 717 70 787 6570 -50
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.