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Cost of Importing Crude Soybean Oil in China--10/28/2020

2020-10-28 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 -0.35 +550Z 873 66 939 9270 -60
   
SBO, Argentina Nov 34.11 -0.35 +380Z 836 66 902 7260  
Dec 34.11 -0.35 +390Z 838 66 904 7270  
Jan 33.92 -0.32 +400F 836 69 905 7280 -60
   
SBO, Brazil Dec 34.11 -0.35 +700Z 906 66 972 7810 -60
Jan 33.92 -0.32 +560F 871 69 940 7560 -40
Feb 33.67 -0.29 +450H 842 69 911 7330 -40
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.