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Cost of Importing Crude Soybean Oil in China--3/5/2021

2021-03-05 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 50.71 +0.93 +400K 1206 63 1269 12250
 
SBO, Argentina 15-Mar/15-Apr 50.71 +0.93 +130K 1147 63 1210 9520
Apr 50.71 +0.93 +90K 1138 63 1201 9450
May/Jun/Jul 49.70 +0.91 -80N 1078 63 1141 9040
Aug/Sep 47.27 +0.91 +50U 1043 63 1106 8760
Oct/Nov/Dec 45.34 +0.82 +100Z 1022 63 1085 8660
Jan/Feb-22     -170 947 63 1010 8070
Mar-22     -210 933 63 996 7960
 
SBO, Brazil Mar 50.71 +0.93 +100K 1140 63 1203 9400
Apr 50.71 +0.93 +50K 1129 63 1192 9380
May 50.71 +0.93 -40K 1109 63 1172 9220
Jun/Jul 49.70 +0.91 -60N 1083 63 1146 9080
Aug/Sep 47.27 +0.91 +100U 1064 63 1127 8930
Oct/Nov/Dec 45.34 +0.82 +150Z 1033 63 1096 8750
Jan-22 44.87 +0.78 -110F 965 63 1028 8210
Jan/Feb-22     -160 949 63 1012 8080
Mar-22     -160 937 63 1000 7990
Apr/May-22     -160 943 63 1006 8040
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.