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Cost of Importing Crude Soybean Oil in China--12/9/2020

2020-12-09 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 37.29 -0.56 +650H 966 66 1032 9900 -120
   
SBO, Argentina Jan 37.44 -0.59 +610F 960 66 1026 8020 -110
Feb 37.29 -0.56 +390H 908 66 974 7620 -90
Mar 37.29 -0.56 +300H 888 66 954 7470 -70
May/Jun/Jul 36.99 -0.49 +180N 855 66 921 7210 -90
   
SBO, Brazil Jan 37.44 -0.59 +630F 964 66 1030 8050 -180
Feb 37.29 -0.56 +450H 922 66 988 7730 -550
Mar 37.29 -0.56 +340H 897 66 963 7540 -140
Jun/Jul 36.99 -0.49 +200N 860 66 926 7250  
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.