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Cost of Importing Crude Soybean Oil in China--8/28/2020

2020-08-28 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 33.50 +0.97 +370Z 820 70 890 9000 190
   
SBO, Argentina Oct 33.31 +1.01 +130V 763 70 833 6880  
Nov/Dec 33.50 +0.97 +130Z 767 70 837 6910 160
Jan/Feb 33.66 +0.93 +110H 766 70 836 6900  
   
SBO, Brazil Oct 33.31 +1.01 +310V 802 70 872 7190 160
Nov/Dec 33.50 +0.97 +280Z 800 70 870 7170 150
Jan 33.58 +0.94 +150F 774 70 844 6960 120
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.