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Cost of Importing Crude Soybean Oil in China--8/26/2020

2020-08-26 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 32.28 +0.33 +370Z 793 70 863 8760 60
   
SBO, Argentina Sep 31.98 +0.32 +120U 732 70 802 6650 40
Nov/Dec 32.28 +0.33 +120Z 738 70 808 6690 10
Jan/Feb 32.52 +0.35 +110H 741 70 811 6710 70
   
SBO, Brazil Oct 32.07 +0.33 +310V 775 70 845 6990 40
Nov/Dec 32.28 +0.33 +270Z 771 70 841 6960 50
Jan 32.42 +0.34 +180F 755 70 825 6830 60
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.