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	Jan/Feb-20	34.07	+0.12	+220H	800	70	870	8820
Soybean oil, Argentina	Feb-20	34.07	+0.12	+320H	822	70	892	7370
	Mar-20	34.07	+0.12	+200H	795	70	865	7150
	May/Jun/Jul-20	34.76	+0.14	+40N	775	70	845	6990
Soybean Oil, Brazil	Feb-20	34.07	+0.12	+310H	820	70	890	7360
	Mar-20	34.07	+0.12	+250H	806	70	876	7240
	Apr/May-20	34.40	+0.13	+80K	776	70	846	7000

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