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Cost of Importing Crude Soybean Oil in China--12/11/2020

2020-12-11 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 37.93 +0.21 +650H 980 66 1046 10060 50
   
SBO, Argentina Jan 38.06 +0.20 +550F 960 66 1026 8040 -70
Feb 37.93 +0.21 +380H 920 66 986 7730 -10
Mar 37.93 +0.21 +290H 900 66 966 7580 40
May/Jun/Jul 37.53 +0.17 +160N 863 66 929 7290 20
   
SBO, Brazil Jan 38.06 +0.20 +600F 972 66 1038 8130 150
Feb 37.93 +0.21 +430H 931 66 997 7820 40
Mar 37.93 +0.21 +310H 905 66 971 7620 -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.