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Cost of Importing Crude Soybean Oil in China--9/25/2020

2020-09-25 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 32.41 -0.39 +400Z 803 66 869 8720 -90
   
SBO, Argentina Oct 32.36 -0.33 +370V 795 66 861 7040 -80
Nov 32.41 -0.39 +370Z 796 66 862 7050  
Dec 32.41 -0.39 +360Z 794 66 860 7030  
Jan/Feb 32.60 -0.37 +305H 786 69 855 6990 -80
   
SBO, Brazil Nov 32.41 -0.39 +850Z 902 66 968 7900 -50
Dec 32.41 -0.39 +880Z 909 66 975 7960 -70
Jan 32.51 -0.38 +430F 812 69 881 7200 -70
Feb 32.60 -0.37 +400H 807 69 876 7160  
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.