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Cost of Importing Crude Soybean Oil in China--8/13/2020

2020-08-13 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 31.55 +1.04 +350Z 773 70 843 8610 230
   
SBO, Argentina Sep 31.56 +0.94 +200U 740 70 810 6750 180
Oct/Nov/Dec 31.55 +1.04 +190Z 737 70 807 6720 200
Jan 31.71 +1.03 +100F 721 70 791 6590 190
   
SBO, Brazil Sep 31.56 +0.94 +350U 773 70 843 7020 170
Oct/Nov/Dec 31.55 +1.04 +320Z 766 70 836 6960 180
Jan 31.71 +1.03 +200F 735 70 805 6710 120
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.