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Cost of Importing Crude Soybean Oil in China--1/19/2021

2021-01-19 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, Argentina Feb 41.85   +460H 1024 63 1087 8510 100
Mar 41.85   +220H 971 63 1034 8100 50
May/Jun/Jul 41.21   +50N 920 63 983 7780 60
Oct/Nov/Dec 38.84   +250Z 912 63 975 7770 30
   
SBO, Brazil Feb 41.85   +540H 1042 63 1105 8650 0
Mar 41.85   +290H 987 63 1050 8220 -40
Apr/May 41.49   +150K 948 63 1011 7960 -30
Jun/Jul 41.21   +100N 931 63 994 7870 10
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.