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Cost of Importing Crude Soybean Oil in China--11/2/2020

2020-11-02 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 33.61 +0.55 +550Z 862 66 928 9120 80
   
SBO, Argentina Nov 33.61 +0.55 +410Z 832 66 898 7200 90
Dec 33.61 +0.55 +390Z 827 66 893 7160 50
Jan 33.46 +0.55 +390F 824 69 893 7160 50
   
SBO, Brazil Jan 33.46 +0.55 +580F 866 69 935 7490 10
Feb 33.24 +0.53 +470H 837 69 906 7260 80
Mar 33.24 +0.53 +340H 808 69 877 7030 80
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.