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Cost of Importing Crude Soybean Oil in China--2/1/2021

2021-02-01 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 43.91 +0.12 +430K 1063 63 1126 10820 -100
   
SBO, Argentina Feb  44.62 -0.03 +210H 1030 63 1093 8510 -30
Mar  44.62 -0.03 +150H 1017 63 1080 8410 0
Apr 43.91 +0.12 -40K 959 63 1022 8010 -30
May/Jun/Jul 43.28 +0.30 -60 941 63 1004 7910 0
   
SBO, Brazil Mar  44.62 -0.03 +180H 1023 63 1086 8450 0
Apr/May 43.91 +0.12 +60K 981 63 1044 8180 0
Jun/Jul 43.28 +0.30 +20N 959 63 1022 8050 20
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.