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Cost of Importing Crude Soybean Oil in China--8/20/2020

2020-08-20 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 31.97 +0.07 +370Z 786 70 856 8710 20
   
SBO, Argentina Sep 31.67 +0.09 +140U 729 70 799 6630 -80
Nov/Dec 31.97 +0.07 +150Z 738 70 808 6710 -40
Jan/Feb 32.25 +0.09 +110H 735 70 805 6680 -10
   
SBO, Brazil Oct 31.72 +0.07 +310V 768 70 838 6960 0
Nov/Dec 31.97 +0.07 +290Z 769 70 839 6970 0
Jan 32.14 +0.08 +170F 746 70 816 6770 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.