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Cost of Importing Crude Soybean Oil in China--8/19/2020

2020-08-19 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 31.90 +0.37 +370Z 784 70 854 8690 110
   
SBO, Argentina Sep 31.58 +0.28 +190U 738 70 808 6710  
Nov/Dec 31.90 +0.37 +180Z 743 70 813 6750  
Jan/Feb 32.16 +0.38 +120H 736 70 806 6690  
   
SBO, Brazil Oct 31.65 +0.34 +320V 768 70 838 6960 -20
Nov/Dec 31.90 +0.37 +300Z 770 70 840 6970 10
Jan 32.06 +0.37 +180F 746 70 816 6770 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.