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

2020-11-11 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 36.06  +0.58 +550Z 916 65 981 9520 100
   
SBO, Argentina Dec 36.06  +0.58 +500Z 905 65 970 7670 130
Jan 36.00 +0.57 +470F 897 66 963 7620 170
Jan/Feb 35.84  +0.58 +460H 892 66 958 7580  
Mar 35.84  +0.58 +300H 856 66 922 7290  
   
SBO, Brazil Jan 36.00 +0.57 +590F 924 66 990 7830 90
Feb 35.84  +0.58 +410H 881 66 947 7490 120
Mar 35.84  +0.58 +320H 861 66 927 7330 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.