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Cost of Importing Crude Soybean Oil in China--9/2/2020

2020-09-02 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 32.88 +0.02 +370Z 807 70 877 8810 20
   
SBO, Argentina Sep 32.76 +0.03 +170V 760 70 830 6800 60
Oct 32.76 +0.03 +190V 764 70 834 6830 80
Nov/Dec 32.88 +0.02 +190Z 767 70 837 6860 60
Jan/Feb 33.13 +0.02 +140H 761 70 831 6800 50
   
SBO, Brazil Oct 32.76 +0.03 +330V 795 70 865 7080 50
Nov/Dec 32.88 +0.02 +350Z 802 70 872 7140 100
Jan 33.02 +0.02 +180F 768 70 838 6860 30
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.