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Cost of Importing Crude Soybean Oil in China--10/26/2020

2020-10-26 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 34.11 +0.42 +550Z 873 66 939 9230 310
   
SBO, Argentina Oct/Nov/Dec 34.11 +0.42 +420Z 845 66 911 7300 60
Jan 33.95 +0.40 +410F 839 69 908 7280  
Feb 33.77 +0.34 +400H 833 69 902 7230  
Mar 33.77 +0.34 +260H 802 69 871 6980 60
May/Jun/Jul 33.56 +0.20 +120N 766 69 835 6700 40
   
SBO, Brazil Dec 34.11 +0.42 +720Z 910 66 976 7820 80
Jan 33.95 +0.40 +580F 876 69 945 7570 70
Feb 33.77 +0.34 +480H 850 69 919 7360 50
Mar 33.77 +0.34 +340H 820 69 889 7130 40
Apr/May 33.63 +0.27 +230K 792 69 861 6900 40
Jun/Jul 33.56 +0.20 +190N 782 69 851 6820 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.