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Cost of Importing Crude Soybean Oil in China--1/21/2021

2021-01-21 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 42.54 +0.84 +550H 1059 63 1122 10730 90
   
SBO, Argentina Feb 42.54 +0.84 +230H 989 63 1052 8210 -90
Mar 42.54 +0.84 +80H 951 63 1014 7910 20
Apr 41.92 +0.73 -10K 922 63 985 7730 50
May/Jun/Jul 41.27 +0.55 -30N 903 63 966 7610 0
   
SBO, Brazil Feb 42.54 +0.84 +360H 1017 63 1080 8420 50
Mar 42.54 +0.84 +190H 980 63 1043 8130 100
Apr/May 41.92 +0.73 +60K 938 63 1001 7850 80
Jun/Jul 41.27 +0.55 +30N 917 63 980 7730 -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.