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Cost of Importing Crude Soybean Oil in China--3/1/2021

2021-03-01 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 49.94 +0.27 +400K 1189 63 1252 12070
 
SBO, Argentina Mar 49.94 +0.27 +120K 1128 63 1191 9300
Apr 49.94 +0.27 -60K 1088 63 1151 9050
May 49.94 +0.27 -170K 1063 63 1126 8850
Jun/Jul 48.80 +0.13 -170N 1039 63 1102 8710
Aug/Sep 46.1 +0.01 -30U 1005 63 1068 8460
Oct/Nov/Dec 44.31 0 +30Z 984 63 1047 8340
Jan/Feb-22 43.52 0  -200 925 63 980 7820
Mar-22 43.52 0  -240 907 63 961 7670
 
SBO, Brazil Mar 49.94 +0.27 +110K 1125 63 1188 9280
Apr 49.94 +0.27 -40K 1093 63 1156 9090
May 49.94 +0.27 -80K 1083 63 1146 9010
Jun/Jul 48.80 +0.13 -90N 1056 63 1119 8850
Aug/Sep 46.1 +0.01 -10U 1014 63 1077 8580
Oct/Nov/Dec 44.31 0 +30Z 987 63 1050 8370
Jan-22 43.94 -0.02 -160 934 63 997 7950
Jan/Feb-22 43.52 0  -190 917 63 980 7820
Mar-22 43.52 0  -200 915 63 978 7800
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.