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Cost of Importing Crude Soybean Oil in China--1/13/2021

2021-01-13 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 42.63 0.00 +580H 1068 63 1131 10840 20
   
SBO, Argentina Jan 42.63 0.00 +620H 1077 63 1140 8860 -50
Feb 42.63 0.00 +500H 1050 63 1113 8650 -50
Mar 42.63 0.00 +260H 997 63 1060 8280 -70
Apr 42.33 +0.06 +140K 964 63 1027 8030 -30
May/Jun/Jul 42.15 +0.07 +120N 956 63 1018 7880  
   
SBO, Brazil Mar 42.63 0.00 +320H 1011 63 1074 8390 -30
Apr/May 42.33 +0.06 +190K 975 63 1038 8120 -80
Jun/Jul 42.15 +0.07 +120N 956 63 1018 7880  
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.