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Cost of Importing Crude Soybean Oil in China--12/16/2020

2020-12-16 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 38.91 +0.39 +650H 1001 66 1067 10260 80
   
SBO, Argentina Jan 39.19 +0.46 +620F 1001 66 1067 8360 210
Feb 38.91 +0.39 +430H 953 66 1019 7990 140
May/Jun/Jul 38.37 +0.26 +130N 875 66 941 7380 20
   
SBO, Brazil Feb  38.91 +0.39 +630H 997 66 1063 8330 100
Mar  38.91 +0.39 +500H 968 66 1034 8100 50
Apr/May 38.60 +0.32 +230K 902 66 968 7590 50
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.