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Cost of Importing Crude Soybean Oil in China--2/22/2021

2021-02-22 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 46.89 0.64 +400K 1122 63 1185 11240
 
SBO, Argentina Mar 47.55 0.64 +100H 1070 63 1133 8830
Apr 46.89 0.64 -40K 1025 63 1088 8540
 
SBO, Brazil Mar 47.55 0.64 +150H 1082 63 1145 8920
Apr/May 46.89 0.64 +10K 1036 63 1099 8620
Jun/Jul 46.1 0.62 -70N 1001 63 1064 8400
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.