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Cost of Importing Crude Soybean Oil in China--1/25/2021

2021-01-25 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 Mar/Apr 41.55 -1.20 +500K 1026 63 1089 10520 -220
   
SBO, Argentina Feb 42.27 -1.16 +170H 970 63 1033 8090 -160
Mar 42.27 -1.16 +50H 943 63 1006 7880 -210
Apr 41.55 -1.20 -10K 914 63 977 7700 -140
May/Jun/Jul 41.07 -1.08 -40N 897 63 960 7620 -120
   
SBO, Brazil Feb 42.27 -1.16 +270H 992 63 1055 8260 -170
Mar 42.27 -1.16 +150H 965 63 1028 8050 -190
Apr/May 41.55 -1.20 +10K 918 63 981 7730 -270
Jun/Jul 41.07 -1.08 -30N 899 63 962 7640 -210
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.