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Cost of Importing Crude Soybean Oil in China--2/19/2021

2021-02-19 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 46.25 0.11 +400K 1108 63 1171 11240
 
SBO, Argentina Mar 46.91 0.14 +110H 1059 63 1122 8730
Apr 46.25 0.11 -50K 1009 63 1072 8400
May/Jun/Jul 45.48 0.1 -130N 974 63 1037 8170
 
SBO, Brazil Mar 46.91 0.14 +120H 1061 63 1124 8740
Apr/May 46.25 0.11 -10K 1017 63 1080 8460
Jun/Jul 45.48 0.1 -50N 992 63 1055 8310
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.