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Cost of Importing Crude Soybean Oil in China--11/16/2020

2020-11-16 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 +0.08 +550Z 940 65 1005 9750 -20
   
SBO, Argentina Dec 37.13 +0.08 +600Z 951 65 1016 8030 60
Jan 36.96 +0.10 +580F 943 66 1009 7970 110
Mar 36.69 +0.04 +300H 875 66 941 7440 10
   
SBO, Brazil Jan 36.96 +0.10 +660F 960 66 1026 8110 70
Feb 36.69 +0.04 +510H 921 66 987 7800 20
Mar 36.69 +0.04 +430H 904 66 970 7670 140
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.