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Cost of Importing Crude Soybean Oil in China--3/9/2021

2021-03-09 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 52.46 +0.66 +450K 1256 65 1321 12870
 
SBO, Argentina Mar 52.46 +0.66 +200K 1201 65 1266 9990
Apr 52.46 +0.66 +180K 1196 65 1261 10010
May 52.46 +0.66 -10K 1155 65 1220 9690
May/Jun/Jul 51.44 +0.67 -20N 1130 65 1195 9550
Aug/Sep 49.17 +0.72 +80U 1102 65 1167 9330
Oct/Nov/Dec 47.42 +0.81 +100Z 1068 65 1133 9130
Jan/Feb-22     -200 985 65 1050 8460
Mar-22     -220 974 65 1039 8380
 
SBO, Brazil Mar 52.46 +0.66 +180K 1197 65 1262 9960
Apr 52.46 +0.66 +170K 1194 65 1259 10000
May 52.46 +0.66 0K 1157 65 1222 9710
Jun/Jul 51.44 +0.67 0N 1134 65 1199 9580
Aug/Sep 49.17 +0.72 +100U 1106 65 1171 9360
Oct/Nov/Dec 47.42 +0.81 +120Z 1072 65 1137 9160
Jan-22 46.93 +0.81 -100F 1013 65 1078 8690
Jan/Feb-22     -170 991 65 1056 8520
Mar-22     -190 981 65 1046 8440
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.