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Cost of Importing Crude Soybean Oil in China--11/12/2020

2020-11-12 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 37.13 +1.07 +550Z 940 65 1005 9750 230
   
SBO, Argentina Dec 37.13 +1.07 +560Z 942 65 1007 7950 280
Jan/Feb 36.81 +0.97 +460H 913 66 979 7740 160
Mar 36.81 +0.97 +280H 873 66 939 7430 140
   
SBO, Brazil Jan 37.00 +1.00 +610F 950 66 1016 8030 200
Feb 36.81 +0.97 +480H 918 66 984 7780 290
Mar 36.81 +0.97 +340H 887 66 953 7530 200
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.