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	34.73	+0.35	+220F	814	70	884	9090
Soybean oil, Argentina	Feb-20	35.04	+0.37	+190H	814	70	884	7410
	Mar-20	35.04	+0.37	+110H	796	70	866	7260
	May/Jun/Jul-20	35.61	+0.36	-50N	774	70	844	7080
Soybean Oil, Brazil	Feb-20	35.04	+0.37	+200H	816	70	886	7430
	Mar-20	35.04	+0.37	+120H	799	70	869	7290
	Apr/May-20	35.32	+0.37	-10K	776	70	846	7090

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