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Cost of Importing Crude Soybean Oil in China--1/27/2021

2021-01-27 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 43.12 +0.91 +450K 1050 63 1113 10770 120
   
SBO, Argentina Feb 43.91 +0.97 0H 968 63 1031 8060 -110
Mar 43.91 +0.97 -50H 957 63 1020 7970 -20
Apr 43.12 +0.91 -100K 929 63 992 7800 40
May/Jun/Jul 42.45 +0.73 -130N 907 63 970 7630 -40
   
SBO, Brazil Feb 43.91 +0.97 +150H 1001 63 1064 8310  
Mar 43.91 +0.97 +40H 977 63 1040 8130  
Apr/May 43.12 +0.91 -40K 942 63 1005 7900 80
Jun/Jul 42.45 +0.73 -70N 921 63 984 7770 60
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.