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Cost of Importing Crude Soybean Oil in China--3/4/2021

2021-03-04 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 49.78 +0.12 +400K 1186 63 1249 12040
 
SBO, Argentina 20-Mar/20-Apr 49.78 +0.12 +50K 1109 63 1172 9160
Apr 49.78 +0.12 0K 1098 63 1162 9140
May 49.78 +0.12 -80K 1080 63 1143 8990
May/Jun/Jul 48.79 +0.10 -110N 1052 63 1115 8830
Aug/Sep 46.36 +0.21 +20U 1027 63 1090 8630
Oct/Nov/Dec 44.52 +0.31 +70Z 997 63 1060 8460
Jan/Feb-22     -170 925 63 988 7890
Mar-22     -210 917 63 980 7830
 
SBO, Brazil Mar 49.78 +0.12 +100K 1120 63 1183 9240
Apr 49.78 +0.12 +50K 1107 63 1170 9200
May 49.78 +0.12 -50K 1087 63 1150 9050
Jun/Jul 48.79 +0.10 -80N 1059 63 1122 8880
Aug/Sep 46.36 +0.21 +60U 1036 63 1099 8700
Oct/Nov/Dec 44.52 +0.31 +120Z 1008 63 1071 8550
Jan-22 44.09 +0.28 -110F 947 63 1010 8060
Jan/Feb-22     -160 936 63 999 7980
Mar-22     -190 921 63 984 7860
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.