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Cost of Importing Crude Soybean Oil in China--12/1/2020

2020-12-01 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 37.27 -0.92 +650H 965 66 1031 9970 -200
   
SBO, Argentina Dec 37.88 -0.82 +560Z 959 66 1025 8080 -240
Jan 37.49 -0.94 +570F 952 66 1018 8030 -280
Feb 37.27 -0.92 +410H 912 66 978 7710 -110
May/Jun/Jul 36.92 -0.80 +140N 845 66 911 7190  
   
SBO, Brazil Dec 37.88 -0.82 +760Z 1002 66 1068 8410 -30
Feb 37.27 -0.92 +480H 928 66 994 7840 -130
Mar 37.27 -0.92 +380H 906 66 972 7670 -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.