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Cost of Importing Crude Soybean Oil in China--8/14/2020

2020-08-14 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 31.19 -0.36 +350Z 765 70 835 8540 -70
   
SBO, Argentina Sep 31.23 -0.33 +220U 737 70 807 6720 -30
Oct/Nov/Dec 31.19 -0.36 +190Z 730 70 800 6670 -50
Jan/Feb 31.42 -0.37 +110H 717 70 787 6560  
   
SBO, Brazil Oct 31.08 -0.35 +390V 771 70 841 7000  
Oct/Nov/Dec 31.19 -0.36 +320Z 758 70 828 6900 -60
Jan 31.35 -0.36 +230F 735 70 805 6710 0
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.