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Cost of Importing Crude Soybean Oil in China--2/23/2021

2021-02-23 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 Apr 47.22 +0.33 +400K 1129 63 1192 11480
 
SBO, Argentina Mar 47.90 +0.35 +90H 1076 63 1139 8880
Apr 47.22 +0.33 -30K 1035 63 1098 8620
May/Jun/Jul 46.43 +0.33 -130N 995 63 1058 8370
 
SBO, Brazil Mar 47.90 +0.35 +140H 1087 63 1150 8970
Apr/May 47.22 +0.33 -20K 1037 63 1100 8640
Jun/Jul 46.43 +0.33 -70N 1008 63 1071 8470
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.