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Cost of Importing Crude Soybean Oil in China--11/24/2020

2020-11-24 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 38.21  +0.22 +650H 985 66 1051 10160 80
   
SBO, Argentina Feb 38.21  +0.22 +430H 937 66 1003 7910 60
Mar 38.21  +0.22 +370H 924 66 990 7810 70
Apr 38.01 +0.31 +210K 884 66 950 7490 70
   
SBO, Brazil Jan 38.34 0.00 +700F 1000 66 1066 8400 30
Feb 38.21  +0.22 +540H 961 66 1027 8100 80
Mar 38.21  +0.22 +400H 930 66 996 7850 110
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.