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Cost of Importing Crude Soybean Oil in China--12/18/2020

2020-12-18 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 39.50 +0.75 +650H 1014 66 1080 10370 150
   
SBO, Argentina Jan 39.93 +0.88 +720F 1039 66 1105 8650 200
Feb 39.50 +0.75 +530H 988 66 1054 8250 200
May/Jun/Jul 38.78 +0.62 +170N 893 66 959 7520 110
   
SBO, Brazil Jan 39.93 +0.88 +780F 1052 66 1118 8750 150
Feb 39.50 +0.75 +630H 1010 66 1076 8430 140
Mar 39.50 +0.75 +390H 957 66 1023 8010 -70
Apr/May 39.01 +0.63 +260K 918 66 984 7710 160
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.