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Cost of Importing Crude Soybean Oil in China--9/21/2020

2020-09-21 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 35.14 +0.28 +300Z 841 66 907 9020 70
   
SBO, Argentina Oct 35.23 +0.32 +320V 847 66 913 7400 80
Nov/Dec 35.14 +0.28 +310Z 843 66 909 7360 60
Jan/Feb 35.07 +0.08 +150H 806 69 875 7100 20
   
SBO, Brazil Oct 35.23 +0.32 +560V 900 66 966 7820 90
Nov/Dec 35.14 +0.28 +540Z 894 66 960 7770 60
Jan 35.12 +0.19 +380F 858 69 927 7510 60
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.