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Cost of Importing Crude Soybean Oil in China--1/8/2021

2021-01-08 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 43.79 -0.05 +580H 1093 63 1156 11080 -50
   
SBO, Argentina Feb 43.79 -0.05 +520H 1080 63 1143 8900 -20
Mar 43.79 -0.05 +300H 1032 63 1095 8570 -10
Apr 43.28 +0.10 +160K 990 63 1053 8240 10
   
SBO, Brazil Jan 43.79 -0.05 +600H 1098 63 1161 9030 20
Feb 43.79 -0.05 +600H 1098 63 1161 9030 10
Mar 43.79 -0.05 +330H 1038 63 1101 8620 0
Apr/May 43.28 +0.10 +230K 1005 63 1068 8380 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.