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Cost of Importing Crude Soybean Oil in China--10/20/2020

2020-10-20 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 32.53 -0.46 +450Z 817 66 883 8680 -90
   
SBO, Argentina Oct/Nov/Dec 32.53 -0.46 +380Z 801 66 867 6950 -60
Jan/Feb 32.54 -0.42 +360H 797 69 866 6940 -40
Mar 32.54 -0.42 +250H 772 69 841 6740 -10
May/Jun/Jul 32.57 -0.39 +110N 742 69 811 6510  
   
SBO, Brazil Dec 32.53 -0.46 +780Z 889 66 955 7650  
Jan 32.53 -0.45 +550F 838 69 907 7270  
Feb 32.54 -0.42 +480H 823 69 892 7150  
Mar 32.54 -0.42 +360H 797 69 866 6940  
Apr/May 32.56 -0.39 +220K 766 69 835 6700  
Jun/Jul 32.57 -0.39 +200N 762 69 831 6660  
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.