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Cost of Importing Crude Soybean Oil in China--10/27/2020

2020-10-27 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 34.46 +0.35 +550Z 881 66 947 9330 100
   
SBO, Argentina Oct/Nov/Dec 34.46 +0.35 +410Z 850 66 916 7360 60
Jan 34.24 +0.29 +410F 845 69 914 7340 60
   
SBO, Brazil Dec 34.46 +0.35 +700Z 914 66 980 7870 50
Jan 34.24 +0.29 +560F 878 69 947 7600 30
Feb 33.96 +0.19 +450H 848 69 917 7370 10
Mar 33.96 +0.19 +310H 817 69 886 7120 -10
Apr/May 33.76 +0.13 +210K 790 69 859 6900 0
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.