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Cost of Importing Crude Soybean Oil in China--9/23/2020

2020-09-23 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 33.60 -0.60 +400Z 829 66 895 8940 80
   
SBO, Argentina Oct 33.67 -0.60 +350V 820 66 886 7220  
Nov/Dec 33.60 -0.60 +340Z 816 66 882 7190 -120
Jan/Feb 33.77 -0.51 +300H 811 69 880 7160 60
   
SBO, Brazil Nov 33.60 -0.60 +850Z 928 66 994 8080  
Nov/Dec 33.60 -0.60 +830Z 924 66 990 8050 310
Dec 33.60 -0.60 +850Z 928 66 994 8080  
Jan 33.70 -0.56 +420F 836 69 905 7370 -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.