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Cost of Importing Crude Soybean Oil in China--11/18/2020

2020-11-18 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 37.04 +0.02 +550H 938 65 1003 9670 -10
   
SBO, Argentina Dec 37.50 +0.07 +610Z 961 65 1026 8050 10
Jan 37.31 +0.03 +620F 957 66 1023 8030 40
Feb 37.04 +0.02 +390H 903 66 969 7620 -10
   
SBO, Brazil Jan 37.31 +0.03 +630F 962 66 1028 8070 -60
Feb 37.04 +0.02 +500H 927 66 993 7800 -30
Mar 37.04 +0.02 +400H 905 66 971 7630 -60
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.