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Cost of Importing Crude Soybean Oil in China--8/27/2020

2020-08-27 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 32.53 +0.25 +370Z 799 70 869 8810 50
   
SBO, Argentina Sep 32.24 +0.26 +130U 740 70 810 6700 50
Nov/Dec 32.53 +0.25 +130Z 746 70 816 6750 60
   
SBO, Brazil Oct 32.30 +0.23 +310V 781 70 851 7030 40
Nov/Dec 32.53 +0.25 +280Z 779 70 849 7020 60
Jan 32.64 +0.22 +170F 757 70 827 6840 10
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.