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Cost of Importing Crude Soybean Oil in China--3/10/2021

2021-03-10 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 53.55 +1.09 +450K 1280 65 1345 13070
 
SBO, Argentina Mar 53.55 +1.09 +180K 1220 65 1285 10110
Apr 53.55 +1.09 +200K 1225 65 1290 10210
May 53.55 +1.09 +120K 1207 65 1272 10070
May/Jun/Jul 52.40 +0.96 +60N 1169 65 1234 9840
Aug/Sep 49.95 +0.78 +100U 1124 65 1189 9480
Oct/Nov/Dec 48.24 +0.82 +130Z 1092 65 1157 9300
 
SBO, Brazil Apr 53.55 +1.09 +210K 1227 65 1292 10230
May 53.55 +1.09 +130K 1209 65 1274 10080
Jun 52.40 +0.96 +70N 1171 65 1236 9850
Jun/Jul 52.40 +0.96 +50N 1166 65 1231 9810
Aug/Sep 49.95 +0.78 +130U 1130 65 1195 9530
Oct/Nov/Dec 48.24 +0.82 +150Z 1097 65 1162 9340
Jan-22 47.74 +0.81 -80F 1035 65 1100 8840
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.