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Cost of Importing Crude Soybean Oil in China--2/25/2021

2021-02-25 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 50.03 +1.66 +400K 1191 63 1254 12060
 
SBO, Argentina Mar 50.03 +1.66 +210K 1149 63 1212 9440
Apr 50.03 +1.66 -30K 1097 63 1160 9100
May/Jun/Jul 49.10 +1.60 -160N 1047 63 1110 8760
 
SBO, Brazil Mar 50.03 +1.66 +160K 1138 63 1201 9350
Apr 50.03 +1.66 -20K 1099 63 1162 9110
May 50.03 +1.66 -50K 1092 63 1155 9050
Jun/Jul 49.10 +1.60 -70N 1067 63 1130 8920
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.