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Cost of Importing Crude Soybean Oil in China--1/14/2021

2021-01-14 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 42.18 -0.45 +580H 1058 63 1121 10730 -110
   
SBO, Argentina Feb 42.18 -0.45 +480H 1036 63 1099 8570 -80
Mar 42.18 -0.45 +250H 985 63 1048 8220 -60
Apr 41.90 -0.43 +130K 953 63 1016 7970 -60
May/Jun/Jul 41.68 -0.47 +120N 946 63 1009 7810 -70
   
SBO, Brazil Feb 42.18 -0.45 +600H 1062 63 1124 8770 120
Mar 42.18 -0.45 +290H 994 63 1057 8290 -100
Apr/May 41.90 -0.43 +140K 955 63 1018 7990 -130
Jun/Jul 41.68 -0.47 +140N 950 63 1013 7840 -40
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.