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Cost of Importing Crude Soybean Oil in China--12/4/2020

2020-12-04 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 37.51  +0.74 +650H 970 66 1036 9960 130
   
SBO, Argentina Feb 37.51  +0.74 +340H 902 66 968 7590 80
Mar 37.51  +0.74 +240H 880 66 946 7420 140
May/Jun/Jul 37.18 +0.68 +140N 851 66 917 7200 130
   
SBO, Brazil Jan 37.73 +0.81 +570F 957 66 1023 8020 70
Feb 37.51  +0.74 +380H 911 66 977 7660 100
Mar 37.51  +0.74 +300H 893 66 959 7520 110
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.