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Cost of Importing Crude Soybean Oil in China--12/21/2020

2020-12-21 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 39.67 +0.17 +650H 1018 66 1084 10430 60
   
SBO, Argentina Jan 40.07 +0.14 +670F 1031 66 1097 8600 -50
Feb 39.67 +0.17 +540H 994 66 1060 8310 60
Mar 39.67 +0.17 +360H 954 66 1020 8000  
Apr 39.17 +0.16 +170K 901 66 967 7590  
May/Jun/Jul 38.92 +0.14 +170N 896 66 962 7550 30
   
SBO, Brazil Jan 40.07 +0.14 +610F 1018 66 1084 8500 -250
Feb 39.67 +0.17 +550H 996 66 1062 8330 -100
Mar 39.67 +0.17 +360H 954 66 1020 8000 -10
Apr/May 39.17 +0.16 +250K 919 66 985 7730 20
Jun/Jul 38.92 +0.14 +230N 909 66 975 7650  
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.