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Cost of Importing Crude Soybean Oil in China--9/16/2020

2020-09-16 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 34.15 -0.14 +350Z 830 66 896 8930 -50
   
SBO, Argentina Oct 34.08 -0.15 +280V 813 66 879 7140 30
Oct/Nov/Dec 34.15 -0.14 +260Z 810 66 876 7120  
Nov/Dec 34.15 -0.14 +280Z 814 66 880 7140 20
Jan/Feb 34.34 -0.18 +190H 799 69 868 7050 -20
   
SBO, Brazil Oct 34.08 -0.15 +470V 855 66 921 7480 -30
Nov/Dec 34.15 -0.14 +470Z 857 66 923 7490 -20
Jan 34.24 -0.17 +270F 815 69 884 7180 -20
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.