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Cost of Importing Crude Soybean Oil in China--11/26/2020

2020-11-26 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 37.65 +0.04 +650H 973 66 1039 10030 -20
   
SBO, Argentina Dec 38.18 +0.12 +650Z 985 66 1051 8260 0
Jan 37.86 +0.14 +640F 975 66 1041 8180 0
Feb 37.65 +0.04 +390H 916 66 982 7730 -30
Mar 37.65 +0.04 +260H 887 66 953 7500 -50
Apr 37.46 -0.03 +180K 865 66 931 7330 -20
May/Jun/Jul 37.30 -0.02 +150N 855 66 921 7250 -30
   
SBO, Brazil Jan 37.86 +0.14 +660F 980 66 1046 8220 -20
Feb 37.65 +0.04 +470H 934 66 1000 7870 -20
Mar 37.65 +0.04 +350H 908 66 974 7670 -50
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.