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Cost of Importing Crude Soybean Oil in China--12/7/2020

2020-12-07 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 38.13 +0.62 +650H 984 66 1050 10080 120
   
SBO, Argentina Jan 38.41 +0.68 +610F 981 66 1047 8190  
Feb 38.13 +0.62 +380H 924 66 990 7750 160
Mar 38.13 +0.62 +270H 900 66 966 7560 140
May/Jun/Jul 37.66 +0.48 +160N 865 66 931 7290 90
   
SBO, Brazil Jan 38.41 +0.68 +630F 985 66 1051 8220 200
Feb 38.13 +0.62 +430H 936 66 1002 7840 180
Mar 38.13 +0.62 +330H 913 66 979 7660 140
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.