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Cost of Importing Crude Soybean Oil in China--12/14/2020

2020-12-14 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 38.06 +0.13 +650H 982 66 1048 10060 0
   
SBO, Argentina Jan 38.24 +0.18 +530F 960 66 1026 8030 -10
Feb 38.06 +0.13 +390H 925 66 991 7750 20
Mar 38.06 +0.13 +290H 903 66 969 7580 0
   
SBO, Brazil Jan 38.24 +0.18 +600F 975 66 1041 8140 10
Feb 38.06 +0.13 +430H 934 66 1000 7820 0
Mar 38.06 +0.13 +310H 907 66 973 7620 0
Apr/May 37.83 +0.13 +210K 880 66 946 7410  
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.