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Cost of Importing Crude Soybean Oil in China--10/16/2020

2020-10-16 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 33.17 -0.71 +450Z 831 66 897 8880 -140
   
SBO, Argentina Oct/Nov/Dec 33.17 -0.71 +380Z 816 66 882 7110 -30
Jan/Feb 33.1 -0.69 +370H 812 69 881 7110 -90
May/Jun/Jul 33.07 -0.67 +110N 754 69 823 6640 -20
   
SBO, Brazil Dec 33.17 -0.71 +800Z 908 66 974 7850 -110
Jan 33.14 -0.71 +550F 852 69 921 7430 -90
Feb 33.1 -0.69 +490H 838 69 907 7320 -40
Mar 33.1 -0.69 +330H 803 69 872 7040 -40
Apr/May 33.07 -0.68 +230K 780 69 849 6850  
May/Jun/Jul 33.07 -0.67 +170N 767 69 836 6750  
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.