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Cost of Importing Crude Soybean Oil in China--1/11/2021

2021-01-11 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 43.59 -0.20 +580H 1089 63 1152 11040 -40
   
SBO, Argentina Jan 43.59 -0.20 +590H 1091 63 1154 9010  
Feb 43.59 -0.20 +500H 1071 63 1134 8860 -50
Mar 43.59 -0.20 +300H 1027 63 1090 8520 -50
Apr 43.22 -0.06 +170K 990 63 1053 8270 30
   
SBO, Brazil Jan 43.59 -0.20 +600H 1093 63 1156 9030 0
Feb 43.59 -0.20 +590H 1092 63 1155 9020 -10
Mar 43.59 -0.20 +320H 1032 63 1095 8560 -60
Apr/May 43.22 -0.06 +210K 1000 63 1063 8350 -30
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.