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Cost of Importing Crude Soybean Oil in China--11/10/2020

2020-11-10 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 35.48 +0.12 +550Z 904 65 969 9420 80
   
SBO, Argentina Dec 35.48 +0.12 +470Z 886 65 951 7540 120
Jan 35.43 +0.23 +420F 874 66 940 7450 60
Feb 35.26 +0.27 +340H 853 66 919 7290 80
   
SBO, Brazil Jan 35.43 +0.23 +590F 911 66 977 7740 70
Feb 35.26 +0.27 +390H 863 66 929 7370 60
Mar 35.26 +0.27 +300H 844 66 910 7220 10
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.