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Cost of Importing Crude Soybean Oil in China--9/30/2020

2020-09-30 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 32.69 -0.42 +450Z 820 66 886 8880 -100
   
SBO, Argentina Oct 32.87 -0.42 +330V 798 66 864 7050 -100
Nov/Dec 32.69 -0.42 +320Z 791 66 857 7000 -90
Jan/Feb 32.82 -0.36 +260H 781 69 850 6940 -90
   
SBO, Brazil Nov 32.69 -0.42 +500Z 831 66 897 7330 -670
Dec 32.69 -0.42 +500Z 831 66 897 7330 -670
Jan 32.74 -0.40 +460F 823 69 892 7280 30
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.