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Cost of Importing Crude Soybean Oil in China--8/17/2020

2020-08-17 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 31.09 -0.10 +350Z 763 70 833 8500 -40
   
SBO, Argentina Sep 31.06 -0.17 +200U 729 70 799 6660 -60
Oct/Nov/Dec 31.09 -0.10 +190Z 724 70 794 6620 -50
Jan/Feb 31.31 -0.11 +100H 712 70 782 6510 -50
   
SBO, Brazil Oct 30.97 -0.11 +350V 760 70 830 6910 -90
Oct/Nov/Dec 31.09 -0.10 +280Z 747 70 817 6800 -100
Jan 31.24 -0.11 +180F 729 70 799 6660 -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.