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Cost of Importing Crude Soybean Oil in China--9/24/2020

2020-09-24 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 32.80 -0.80 +400Z 812 66 878 8810 -130
   
SBO, Argentina Oct 32.69 -0.98 +380V 805 66 871 7120 -100
Oct/Nov/Dec 32.80 -0.80 +360Z 803 66 869 7100  
Nov/Dec 32.80 -0.80 +370Z 805 66 871 7120 -70
Jan/Feb 32.97 -0.80 +310H 796 69 865 7070 -90
   
SBO, Brazil Nov 32.80 -0.80 +850Z 910 66 977 7950 -130
Dec 32.80 -0.80 +880Z 921 66 987 8030 -50
Jan 32.89 -0.81 +450F 824 69 893 7270 -100
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.