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Cost of Importing Crude Soybean Oil in China--8/24/2020

2020-08-24 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 31.67 +0.15 +370Z 780 70 850 8650 40
   
SBO, Argentina Sep 31.41 +0.11 +130U 721 70 791 6570 -40
Nov/Dec 31.67 +0.15 +150Z 731 70 801 6650 40
Jan/Feb 31.93 +0.11 +100H 726 70 796 6610 30
   
SBO, Brazil Oct 31.46 +0.14 +360V 773 70 843 6990 120
Nov/Dec 31.67 +0.15 +310Z 766 70 836 6940 90
Jan 31.82 +0.13 +190F 743 70 813 6750 70
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.