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Cost of Importing Crude Soybean Oil in China--9/22/2020

2020-09-22 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 34.20 -0.94 +300Z 821 66 887 8860 -160
   
SBO, Argentina Nov 34.20 -0.94 +360Z 833 66 899 7310  
Nov/Dec 34.20 -0.94 +360Z 833 66 899 7310 -50
Jan/Feb 34.28 -0.79 +220H 804 69 873 7100 0
   
SBO, Brazil Oct 34.27 -0.96 +600V 888 66 954 7760 -60
Nov/Dec 34.20 -0.94 +600Z 886 66 952 7740 -30
Jan 34.26 -0.86 +400F 844 69 913 7430 -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.