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Cost of Importing Crude Soybean Oil in China--11/30/2020

2020-11-30 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 38.19 +0.54 +650H 985 66 1051 10170 140
   
SBO, Argentina Dec 38.70 +0.52 +620Z 990 66 1056 8320 60
Jan 38.43 +0.57 +550F 969 66 1025 8310 -100
Feb 38.19 +0.54 +380H 926 66 992 7820 90
Mar 38.19 +0.54 +220H 891 66 957 7550 50
   
SBO, Brazil Dec 38.70 +0.52 +690Z 1005 66 1071 8440  
Jan 38.43 +0.57 +660F 993 66 1059 8350 130
Feb 38.19 +0.54 +470H 945 66 1011 7970 100
Mar 38.19 +0.54 +350H 919 66 985 7770 100
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.