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Cost of Importing Crude Soybean Oil in China--12/30/2020

2020-12-30 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 41.75 +0.70 +580H 1048 66 1114 10680 140
   
SBO, Argentina Jan 42.48 +0.76 +750F 1102 66 1168 9110 90
Feb 41.75 +0.70 +500H 1031 66 1097 8570 120
Mar 41.75 +0.70 +320H 991 66 1057 8260 10
May/Jun/Jul 40.55 +0.69 +150N 927 66 993 7760 20
   
SBO, Brazil Jan 42.48 +0.76 +690F 1089 66 1155 9020 60
Feb 41.75 +0.70 +650H 1064 66 1130 8820 60
Mar 41.75 +0.70 +380H 1004 66 1070 8340 70
Apr/May 40.98 +0.70 +220K 952 66 1018 7960 80
Jun/Jul 40.55 +0.69 +160N 929 66 995 7780 20
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.