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Cost of Importing Crude Soybean Oil in China--12/3/2020

2020-12-03 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 36.86 -0.41 +650H 956 66 1022 9840 -130
   
SBO, Argentina Feb 36.77 -0.09 +360H 890 66 956 7510 -10
Mar 36.77 -0.09 +230H 861 66 927 7280 -20
May/Jun/Jul 36.50 -0.07 +130N 833 66 899 7070 -10
   
SBO, Brazil Jan 36.92 -0.09 +600F 946 66 1012 7950 -90
Feb 36.77 -0.09 +390H 897 66 963 7560 -50
Mar 36.77 -0.09 +300H 877 66 943 7410 -10
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.