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Cost of Importing Crude Soybean Oil in China--11/25/2020

2020-11-25 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 37.61 -0.60 +650H 973 66 1039 10050 -110
   
SBO, Argentina Dec 38.06 -0.49 +650Z 982 66 1048 8260  
Jan 37.72 -0.62 +640F 972 66 1038 8180  
Feb 37.61 -0.60 +400H 918 66 984 7760 -150
Mar 37.61 -0.60 +280H 891 66 957 7550 -260
Apr 37.49 -0.52 +180K 866 66 932 7350 -140
May/Jun/Jul 37.32 -0.41 +150N 856 66 922 7280  
   
SBO, Brazil Jan 37.72 -0.62 +670F 979 66 1045 8240 -160
Feb 37.61 -0.60 +480H 935 66 1001 7890 -210
Mar 37.61 -0.60 +380H 913 66 979 7720 -130
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.