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Cost of Importing Crude Soybean Oil in China--10/23/2020

2020-10-23 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 33.69 +0.49 +450Z 842 66 908 8920 120
   
SBO, Argentina Oct/Nov/Dec 33.69 +0.49 +430Z 837 66 903 7240 70
Jan/Feb 33.43 +0.35 +410H 827 69 896 7180 80
Mar 33.43 +0.35 +260H 794 69 863 6920 80
May/Jun/Jul 33.36 +0.29 +120N 762 69 831 6660 60
   
SBO, Brazil Dec 33.69 +0.49 +720Z 901 66 967 7740 50
Jan 33.55 +0.40 +580F 868 69 937 7500 90
Feb 33.43 +0.35 +480H 843 69 912 7310 50
Mar 33.43 +0.35 +350H 815 69 884 7090 40
Apr/May  33.36 +0.31 +230K 786 69 855 6860 80
Jun/Jul 33.36 +0.29 +180N 775 69 844 6770 60
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.