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Cost of Importing Crude Soybean Oil in China--2/3/2021

2021-02-03 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 43.62 -0.60 +430K 1057 63 1120 10780 -100
   
SBO, Argentina Feb 44.32 -0.65 +350H 1054 63 1117 8710 -120
Mar 44.32 -0.65 +300H 1043 63 1106 8630 -50
Apr 43.62 -0.60 +30K 968 63 1031 8090 -60
May/Jun/Jul 42.99 -0.51 -50N 937 63 1000 7900 -50
Oct/Nov/Dec 40.10 -0.38 +190Z 927 63 990 7870 -80
   
SBO, Brazil Mar 44.32 -0.65 +280H 1039 63 1102 8600 -160
Apr 43.62 -0.60 +20K 966 63 1029 8080  
Apr/May 43.62 -0.60 +50K 973 63 1036 8130 -190
Aug/Sep 41.27  -0.40 +80U 928 63 991 7830  
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.