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Cost of Importing Crude Soybean Oil in China--8/31/2020

2020-08-31 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 33.24 -0.26 +370Z 815 70 885 8920 -80
   
SBO, Argentina Oct 33.10 -0.21 +130V 759 70 829 6820 -60
Nov/Dec 33.24 -0.26 +130Z 762 70 832 6840 -70
Jan/Feb 33.4 -0.26 +110H 761 70 831 6830 -70
   
SBO, Brazil Oct 33.10 -0.21 +310V 798 70 868 7130 -60
Nov/Dec 33.24 -0.26 +290Z 797 70 867 7120 -50
Jan 33.32 -0.26 +160F 770 70 840 6900 -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.