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Cost of Importing Crude Soybean Oil in China--2/24/2021

2021-02-24 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 48.37 +1.15 +400K 1155 63 1218 11730
 
SBO, Argentina Mar 48.37 +1.15 +170K 1104 63 1167 9100
Apr 48.37 +1.15 -20K 1062 63 1125 8840
May/Jun/Jul 47.50 +1.07 -160N 1012 63 1075 8500
 
SBO, Brazil Mar 49.26 +1.36 +160H 1121 63 1184 9230
Apr 48.37 +1.15 -20K 1062 63 1125 8840
May 48.37 +1.15 -40K 1058 63 1121 8810
Jun/Jul 47.50 +1.07 -60N 1034 63 1097 8670
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.