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Cost of Importing Crude Soybean Oil in China--11/19/2020

2020-11-19 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 38.46 +0.96 +650H 991 65 1056 10180 510
   
SBO, Argentina Dec 38.46 +0.96 +680Z 998 65 1063 8350 300
Jan 38.21 +0.90 +670F 990 66 1056 8300 270
Feb 37.86 +0.82 +460H 936 66 1002 7880 260
Mar 37.86 +0.82 +310H 903 66 969 7620  
Apr 37.54 +0.77 +210K 874 66 940 7400  
May/Jun/Jul 37.23 +0.72 +170N 858 66 924 7270  
   
SBO, Brazil Dec 38.46 +0.96 +780Z 1020 65 1085 8520  
Jan 38.21 +0.90 +680F 992 66 1058 8310 240
Feb 37.86 +0.82 +510H 947 66 1013 7960 160
Mar 37.86 +0.82 +370H 916 66 982 7720 90
Apr 37.54 +0.77 +290K 892 66 958 7540  
Jun/Jul 37.23 +0.72 +230N 872 66 938 7380  
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.