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Cost of Importing Crude Soybean Oil in China--1/29/2021

2021-01-29 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 43.79 +0.10 +450K 1065 63 1128 10920 20
   
SBO, Argentina Feb 44.65 +0.13 +200H 1029 63 1092 8540 290
Mar 44.65 +0.13 +130H 1013 63 1076 8410 250
Apr 43.79 +0.10 -30K 959 63 1022 8040 70
May/Jun/Jul 42.98 +0.02 -50N 937 63 1000 7910 70
   
SBO, Brazil Mar 44.65 +0.13 +150H 1018 63 1081 8450 150
Apr/May 43.79 +0.10 +50K 977 63 1040 8180 110
Jun/Jul 42.98 +0.02 +20N 952 63 1015 8030 100
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.