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Cost of Importing Crude Soybean Oil in China--9/1/2020

2020-09-01 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 32.86 -0.38 +370Z 806 70 876 8790 130
   
SBO, Argentina Sep 32.73 -0.37 +140V 753 70 823 6740  
Oct 32.73 -0.37 +150V 755 70 825 6750 -70
Nov/Dec 32.86 -0.38 +170Z 762 70 832 6800 -40
Jan/Feb 33.11 -0.29 +110H 755 70 825 6750 -80
   
SBO, Brazil Oct 32.73 -0.37 +310V 790 70 860 7030 -100
Nov/Dec 32.86 -0.38 +300Z 791 70 861 7040 -80
Jan 33 -0.32 +170F 765 70 835 6830 -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.