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Cost of Importing Crude Soybean Oil in China--12/8/2020

2020-12-08 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 37.85 -0.28 +650H 978 66 1044 10020 -60
   
SBO, Argentina Jan 38.03 -0.38 +610F 973 66 1039 8130 -60
Feb 37.85 -0.28 +380H 918 66 984 7710 -40
Mar 37.85 -0.28 +280H 896 66 962 7540 -20
May/Jun/Jul 37.48 -0.18 +180N 866 66 932 7300 10
   
SBO, Brazil Jan 38.03 -0.38 +670F 986 66 1052 8230 10
Feb 37.85 -0.28 +720H 993 66 1059 8280 440
Mar 37.85 -0.28 +360H 914 66 980 7680 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.