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Cost of Importing Crude Soybean Oil in China--11/13/2020

2020-11-13 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 37.05 -0.08 +550Z 938 65 1003 9770 20
   
SBO, Argentina Nov 37.05 -0.08 +560X 940 65 1005 7970  
Dec 37.05 -0.08 +560Z 940 65 1005 7970 20
Jan 36.86 -0.14 +510F 925 66 991 7860  
Feb 36.65 -0.16 +460G 910 66 976 7750  
Mar 36.65 -0.16 +280H 870 66 936 7430 0
Apr 36.42 -0.14 +190J 845 66 911 7240  
May/Jun/Jul 36.15 -0.13 +150J 830 66 896 7120  
   
SBO, Brazil Dec 37.05 -0.08 +620Z 954 65 1019 8080  
Jan 36.86 -0.14 +610F 947 66 1013 8040 10
Feb 36.65 -0.16 +480H 914 66 980 7780 0
Mar 36.65 -0.16 +340H 883 66 949 7530 0
Apr/May 36.42 -0.14 +240K 856 66 922 7320  
Jun/Jul 36.15 -0.13 +200K 841 66 907 7200  
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.