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Cost of Importing Crude Soybean Oil in China--12/22/2020

2020-12-22 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 39.55 -0.12 +600H 1004 66 1070 10280  
   
SBO, Argentina Jan 39.96 -0.11 +660F 1026 66 1092 8550 -50
Feb 39.55 -0.12 +500H 982 66 1048 8210 -100
Mar 39.55 -0.12 +340H 947 66 1013 7940 -60
Apr 39.12 -0.05 +200K 906 66 972 7620 30
May/Jun/Jul 38.91  -0.01 +170N 895 66 961 7540 -10
   
SBO, Brazil Jan 39.96 -0.11 +730F 1042 66 1108 8670 170
Feb 39.55 -0.12 +560H 996 66 1062 8320 -10
Mar 39.55 -0.12 +360H 952 66 1018 7980 -20
Apr/May 39.12 -0.05 +260K 920 66 986 7730 0
Jun/Jul 38.91  -0.01 +230N 909 66 975 7650 0
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.