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Cost of Importing Crude Soybean Oil in China--9/7/2020

2020-09-07 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 32.89 -0.40 +350Z 802 66 868 8720 -100
   
SBO, Argentina Oct 32.77 -0.37 +190V 764 66 830 6800 -90
Nov/Dec 32.89 -0.40 +180Z 767 66 833 6820 -80
Jan/Feb 33.16 -0.40 +140H 762 69 831 6810 -70
   
SBO, Brazil Oct 32.77 -0.37 +400V 811 66 877 7180 -80
Nov/Dec 32.89 -0.40 +400Z 813 66 879 7200 -70
Jan 33.02 -0.41 +200F 772 69 841 6890 -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.