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Cost of Importing Crude Soybean Oil in China--10/15/2020

2020-10-15 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 33.88 +0.26 +450Z 846 66 912 9020 30
   
SBO, Argentina Oct/Nov/Dec 33.88 +0.26 +350Z 824 66 885 7140  
Jan/Feb 33.79 +0.17 +350H 822 69 891 7200  
May/Jun/Jul 33.74 +0.16 +70N 759 69 825 6660 20
   
SBO, Brazil Dec 33.88 +0.26 +800Z 923 66 989 7960 80
Jan 33.85 +0.19 +520F 861 69 930 7520 130
Feb 33.79 +0.17 +450H 844 69 913 7360 60
Mar 33.79 +0.17 +290H 809 69 878 7080 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.