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Cost of Importing Crude Soybean Oil in China--9/28/2020

2020-09-28 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 32.82 +0.41 +400Z 812 66 878 8810 90
   
SBO, Argentina Oct 32.84 +0.48 +360V 803 66 869 7100 60
Nov/Dec 32.82 +0.41 +360Z 803 66 869 7100  
Jan/Feb 32.94 +0.34 +300H 792 69 861 7040 50
   
SBO, Brazil Nov 32.82 +0.41 +850Z 911 66 977 7970 70
Dec 32.82 +0.41 +850Z 911 66 977 7970 10
Jan 32.89 +0.38 +420F 818 69 887 7250 50
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.