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Cost of Importing Crude Soybean Oil in China--1/6/2021

2021-01-06 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 43.60 +1.47 +580H 1089 66 1155 11070 420
   
SBO, Argentina Jan 44.36 +1.43 +700F 1132 66 1198 9300 290
Feb 43.60 +1.47 +550H 1083 66 1149 8930 220
Mar 43.60 +1.47 +250H 1017 66 1083 8460 200
Apr 42.88 +1.49 +170K 983 66 1049 8200 320
   
SBO, Brazil Jan 44.36 +1.43 +650F 1122 66 1188 9230 180
Feb 43.60 +1.47 +600H 1094 66 1160 9010 210
Mar 43.60 +1.47 +330H 1034 66 1100 8590 280
Apr/May 42.88 +1.49 +230K 996 66 1062 8340 380
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.