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Cost of Importing Crude Soybean Oil in China--12/29/2020

2020-12-29 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne
SBO, US Gulf Feb/Mar 41.05 -0.08 +580H 1033 66 1099 10540
 
SBO, Argentina Jan 41.72 -0.12 +770F 1089 66 1155 9020
Feb 41.05 -0.08 +500H 1015 66 1081 8450
Mar 41.05 -0.08 +380H 989 66 1055 8250
May/Jun/Jul 39.86 -0.09 +200N 923 66 989 7740
 
SBO, Brazil Jan 41.72 -0.12 +730F 1080 66 1146 8960
Feb 41.05 -0.08 +680H 1055 66 1121 8760
Mar 41.05 -0.08 +390H 991 66 1057 8270
Apr/May 40.28 -0.14 +240K 941 66 1007 7880
Jun/Jul 39.86 -0.09 +210N 925 66 991 7760
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.