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Cost of Importing Crude Soybean Oil in China--11/6/2020

2020-11-06 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 Dec 35.47 +1.08 +550Z 903 65 968 9420 180
   
SBO, Argentina Dec 35.47 +1.08 +450Z 881 65 946 7500 160
Jan 35.23 +0.94 +440F 874 66 940 7460  
Feb 34.97 +0.84 +350H 848 66 914 7250  
   
SBO, Brazil Jan 35.23 +0.94 +610F 911 66 977 7750 130
Feb 34.97 +0.84 +440H 868 66 934 7410 90
Mar 34.97 +0.84 +350H 848 66 914 7250 110
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.