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Cost of Importing Crude Soybean Oil in China--11/23/2020

2020-11-23 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 37.99 -0.14 +650H 981 66 1047 10240  
   
SBO, Argentina Jan 38.34 -0.17 +670F 993 66 1059 8320 -50
Feb 37.99 -0.14 +430H 933 66 999 7850 -70
Mar 37.99 -0.14 +310H 906 66 972 7640 -50
Apr 37.70 -0.09 +210K 878 66 944 7420 -40
May/Jun/Jul 37.39 -0.07 +170N 862 66 928 7290 -30
   
SBO, Brazil Jan 38.34 -0.17 +700F 1000 66 1066 8370 -50
Feb 37.99 -0.14 +540H 956 66 1022 8020 -10
Mar 37.99 -0.14 +370H 919 66 985 7740 -50
Apr 37.70 -0.09 +290K 895 66 961 7550 -50
Jun/Jul 37.39 -0.07 +230N 875 66 941 7400 -40
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.