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Cost of Importing Crude Soybean Oil in China--1/5/2021

2021-01-05 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 42.13 -0.27 +580H 1057 66 1123 10650 -80
   
SBO, Argentina Jan 42.93 -0.40 +700F 1100 66 1166 9010 -90
Feb 42.13 -0.27 +600H 1061 66 1127 8710 190
Mar 42.13 -0.27 +330H 1002 66 1068 8260 -60
Apr 41.39 -0.13 +185K 952 66 1018 7880 -70
   
SBO, Brazil Jan 42.93 -0.40 +720F 1105 66 1171 9050 -50
Feb 42.13 -0.27 +650H 1072 66 1138 8800 -140
Mar 42.13 -0.27 +360H 1008 66 1074 8310 -60
Apr/May 41.39 -0.13 +230K 963 66 1029 7960 -10
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.