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Cost of Importing Crude Soybean Oil in China--10/29/2020

2020-10-29 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 33.42 -0.69 +550Z 858 66 924 9130 -140
   
SBO, Argentina Nov 33.42 -0.69 +420Z 830 66 896 7210 -50
Dec 33.42 -0.69 +410Z 827 66 893 7190 -80
Jan 33.29 -0.63 +410F 824 69 893 7190 -90
   
SBO, Brazil Jan 33.29 -0.63 +600F 866 69 935 7520 -40
Feb 33.08 -0.59 +460H 831 69 900 7250 -80
Mar 33.08 -0.59 +330H 802 69 871 7010  
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.