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Cost of Importing Crude Soybean Oil in China--8/21/2020

2020-08-21 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 31.52 -0.45 +370Z 777 70 847 8610 -100
   
SBO, Argentina Sep 31.30 -0.37 +170U 727 70 797 6610 -20
Nov/Dec 31.52 -0.45 +150Z 728 70 798 6610 -100
Jan/Feb 31.82 -0.43 +100H 724 70 794 6580 -100
   
SBO, Brazil Oct 31.32 -0.40 +310V 759 70 829 6870 -90
Nov/Dec 31.52 -0.45 +280Z 757 70 827 6850 -120
Jan 31.69 -0.45 +170F 736 70 806 6680 -90
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.