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Cost of Importing Crude Soybean Oil in China--3/8/2021

2021-03-08 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 51.80 +1.09 +450K 1241 63 1304 12640
 
SBO, Argentina Apr 51.80 +1.09 +190K 1184 63 1247 9850
May 51.80 +1.09 -30K 1135 63 1198 9470
Jun/Jul 50.77 +1.07 -30N 1113 63 1176 9350
Aug/Sep 48.45 +1.18 +70U 1084 63 1147 9120
 
SBO, Brazil Apr 51.80 +1.09 +200K 1186 63 1249 9870
May 51.80 +1.09 +10K 1144 63 1207 9540
Jun/Jul 50.77 +1.07 -10N 1117 63 1180 9380
Aug/Sep 48.45 +1.18 +100U 1090 63 1153 9170
Oct/Nov/Dec 46.61 +1.27 +150Z 1061 63 1124 8970
Jan-22 46.12 +1.25 -100F 995 63 1058 8450
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.