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Cost of Importing Crude Soybean Oil in China--2/18/2021

2021-02-18 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne
SBO, US Gulf Mar/Apr 46.14  -0.47 +400K 1106 63 1169 11220
 
SBO, Argentina Mar 46.77 -0.50 +110H 1056 63 1119 8700
Apr 46.14  -0.47 -40K 1009 63 1072 8390
May/Jun/Jul 45.38 -0.44 -170N 963 63 1026 8090
 
SBO, Brazil Mar 46.77 -0.50 +120H 1058 63 1121 8720
Apr/May 46.14  -0.47 0K 1017 63 1080 8450
Jun/Jul 45.38 -0.44 -60N 987 63 1050 8270
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.