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Cost of Importing Crude Soybean Oil in China--8/12/2020

2020-08-12 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 30.51 -0.24 +350Z 750 70 820 8380 -60
   
SBO, Argentina Aug 30.62 -0.11 +190U 717 70 787 6570  
Sep 30.62 -0.11 +190U 717 70 787 6570 -180
Oct/Nov/Dec 30.51 -0.24 +180Z 712 70 782 6520 -40
Jan 30.68 -0.23 +100F 698 70 768 6400 -60
   
SBO, Brazil Sep 30.62 -0.11 +350U 752 70 822 6850 -120
Oct/Nov/Dec 30.51 -0.24 +320Z 743 70 813 6780 -80
Jan 30.68 -0.23 +200F 720 70 790 6590 20
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.