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Cost of Importing Crude Soybean Oil in China--1/15/2021

2021-01-15 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 43.11 +0.93 +580H 1078 63 1141 10920 190
   
SBO, Argentina Feb 43.11 +0.93 +450H 1050 63 1113 8680 110
Mar 43.11 +0.93 +240H 1003 63 1066 8360 140
Apr 42.67 +0.77 +110K 965 63 1028 8060 90
May/Jun/Jul 42.35 +0.67 +100N 956 63 1019 7890 80
   
SBO, Brazil Feb 43.11 +0.93 +600H 1083 63 1146 8940 170
Mar 43.11 +0.93 +300H 1017 63 1080 8470 180
Apr/May 42.67 +0.77 +150K 974 63 1037 8130 140
Jun/Jul 42.35 +0.67 +100N 956 63 1019 7890 50
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.