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Cost of Importing Crude Soybean Oil in China--1/7/2021

2021-01-07 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 43.84 +0.24 +580H 1095 66 1161 11130 60
   
SBO, Argentina 20 Jan/20 Feb 43.84 +0.24 +620H 1103 66 1169 9080  
Feb 43.84 +0.24 +520H 1081 66 1147 8920 -10
Mar 43.84 +0.24 +300H 1032 66 1098 8580 120
Apr 43.18 +0.30 +160K 987 66 1053 8230 30
   
SBO, Brazil Jan 43.84 +0.24 +570H 1093 66 1159 9010 -220
Feb 43.84 +0.24 +580H 1095 66 1161 9020 10
Mar 43.84 +0.24 +320H 1037 66 1103 8620 30
Apr/May 43.18 +0.30 +210K 998 66 1064 8360 20
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.