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Cost of Importing Crude Soybean Oil in China--11/17/2020

2020-11-17 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 Feb/Mar 37.02 +0.33 +550H 938 65 1003 9680  
   
SBO, Argentina Dec 37.43 +0.30 +600Z 958 65 1023 8040 10
Jan 37.28 +0.32 +580F 950 66 1016 7990 20
Feb 37.02 +0.33 +400H 904 66 970 7630  
Mar 37.02 +0.33 +300H 882 66 948 7460 20
   
SBO, Brazil Jan 37.28 +0.32 +660F 968 66 1034 8130 20
Feb 37.02 +0.33 +510H 929 66 995 7830 30
Mar 37.02 +0.33 +430H 911 66 977 7690 20
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.