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Cost of Importing Crude Soybean Oil in China--9/29/2020

2020-09-29 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 33.11 +0.29 +450Z 829 66 895 8980 170
   
SBO, Argentina Oct 33.29 +0.45 +340V 809 66 875 7150 50
Nov/Dec 33.11 +0.29 +320Z 801 66 867 7090 -10
Jan/Feb 33.18 +0.24 +270H 791 69 860 7030 -10
   
SBO, Brazil Nov 33.11 +0.29 +830Z 913 66 979 8000 30
Dec 33.11 +0.29 +830Z 913 66 979 8000 30
Jan 33.14 +0.25 +400F 818 69 887 7250 0
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.