Product	Delivery	CBOT	Var.	Basis	FOB	Freight	CNF China	Duty Paid
		￠/lb	￠/lb	0.01￠/lb	USD/mT	USD/mT	USD/mT	RMB/mT
Soybean oil,     US Gulf	Dec-19/Jan-20	33.79	+0.36	+220F	793	70	863	8890
Soybean oil, Argentina	Jan-20	33.79	+0.36	+260F	802	70	872	7320
	Feb-20	34.07	+0.35	+260H	808	70	878	7370
	Mar-20	34.07	+0.35	+120H	777	70	847	7120
	May/Jun/Jul-20	34.67	+0.40	-50N	753	70	823	6920
Soybean Oil, Brazil	Feb-20	34.07	+0.35	+220H	799	70	869	7300
	Mar-20	34.07	+0.35	+110H	775	70	845	7100
	Apr/May-20	34.37	+0.38	-20K	753	70	823	6920

Duty paid price includes the port charge (Port Charge= RMB 80 yuan).
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