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Cost of Importing Crude Soybean Oil in China--1/20/2021

2021-01-20 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 41.70  -0.15 +580H 1047 63 1110 10640 -50
   
SBO, Argentina Feb 41.70  -0.15 +360H 999 63 1062 8300 -210
Mar 41.70  -0.15 +120H 946 63 1009 7890 -210
Apr 41.19 -0.30 +20K 913 63 977 7680  
May/Jun/Jul 40.72 -0.49 +10N 900 63 963 7610 -170
   
SBO, Brazil Feb 41.70  -0.15 +400H 1008 63 1071 8370 -280
Mar 41.70  -0.15 +200H 964 63 1027 8030 -190
Apr/May 41.19 -0.30 +80K 926 63 989 7770 -190
Jun/Jul 40.72 -0.49 +80N 916 63 979 7740 -130
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.