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Cost of Importing Crude Soybean Oil in China--9/14/2020

2020-09-14 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 33.71 +0.51 +350Z 820 66 886 8900 100
   
SBO, Argentina Oct 33.61 +0.58 +230V 792 66 858 7020 170
Nov/Dec 33.71 +0.51 +240Z 796 66 862 7050 150
Jan/Feb 33.97 +0.46 +160H 784 69 853 6990 90
   
SBO, Brazil Oct 33.61 +0.58 +450V 840 66 906 7410 70
Nov/Dec 33.71 +0.51 +420Z 836 66 902 7380 80
Jan 33.81 +0.46 +240F 798 69 867 7100 80
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.