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Cost of Importing Crude Soybean Oil in China--1/18/2021

2021-01-18 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 41.85  -1.26 +580H 1051 63 1114 10670 -250
   
SBO, Argentina Feb 41.85  -1.26 +400H 1011 63 1074 8410 -270
Mar 41.85  -1.26 +170H 960 63 1023 8050 -310
May/Jun/Jul 41.21 -1.14 +20N 913 63 976 7720 -170
Oct/Nov/Dec 38.84 -1.00 +200Z 901 63 964 7680  
   
SBO, Brazil Feb 41.85  -1.26 +540H 1042 63 1105 8650 -290
Mar 41.85  -1.26 +290H 987 63 1050 8260 -210
Apr/May 41.49 -1.18 +150K 948 63 1011 7990 -140
Jun/Jul 41.21 -1.14 +100N 931 63 994 7860 -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.