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Cost of Importing Crude Soybean Oil in China--11/20/2020

2020-11-20 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 38.81 +0.35 +650H 999 65 1064 10280 100
   
SBO, Argentina Jan 38.51 +0.30 +670F 997 66 1063 8370 70
Feb 38.13 +0.27 +440H 938 66 1004 7920 40
Mar 38.13 +0.27 +310H 909 66 975 7690 70
Apr 37.79 +0.25 +210K 880 66 946 7460 60
May/Jun/Jul 37.46  +0.23 +170N 863 66 929 7330 60
   
SBO, Brazil Jan 38.51 +0.30 +700F 1003 66 1069 8420 110
Feb 38.13 +0.27 +510H 953 66 1019 8030 70
Mar 38.13 +0.27 +370H 922 66 988 7790 70
Apr 37.79 +0.25 +290K 897 66 963 7600 60
Jun/Jul 37.46  +0.23 +230N 877 66 943 7440 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.