Cost of Importing Crude Soybean Oil in China--10/21/2020

2020-10-21 www.cofeed.com

Product	Delivery	CBOT	Var.	Premium	FOB	Freight	CFR China	Duty Paid	Var.
Product	Delivery	￠/lb	￠/lb	0.01￠/lb	USD/tonne	USD/tonne	USD/tonne	CNY/tonne	CNY/tonne
SBO, US Gulf	Nov/Dec	33.31	+0.78	+450Z	834	66	900	8820	140

SBO, Argentina	Nov/Dec	33.31	+0.78	+370Z	816	66	882	7050
	Jan/Feb	33.3	+0.76	+330H	807	69	876	7000	60
	Mar	33.3	+0.76	+210H	780	69	849	6790	50

SBO, Brazil	Dec	33.31	+0.78	+700Z	889	66	955	7630	-20
	Jan	33.31	+0.78	+550F	855	69	924	7380	110
	Feb	33.3	+0.76	+470H	838	69	907	7240	90
	Mar	33.3	+0.76	+330H	807	69	876	7000	60
	Apr/May	33.31	+0.75	+200K	778	69	847	6770	70
	Jun/Jul	33.34	+0.77	+160N	770	69	839	6710	50
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.

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