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

2021-02-02 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 44.22 +0.31 +430K 1070 63 1133 10880 60
   
SBO, Argentina Feb 44.97 +0.35 +350H 1069 63 1132 8830 320
Mar 44.97 +0.35 +260H 1050 63 1113 8680 270
Apr 44.22 +0.31 0K 975 63 1038 8150 140
May/Jun/Jul 43.50 +0.22 -70N 944 63 1007 7950 40
Oct/Nov/Dec 40.48 +0.30 +200Z 937 63 1000 7950  
   
SBO, Brazil Mar 44.97 +0.35 +310H 1060 63 1123 8760 310
Apr/May 44.22 +0.31 +100K 997 63 1060 8320 140
Jun/Jul 43.50 +0.22 +50N 970 63 1033 8150 100
Oct/Nov/Dec 40.48 +0.30 +230Z 943 63 1006 7990  
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.