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Cost of Importing Crude Soybean Oil in China--3/11/2021

2021-03-11 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 53.51 -0.04 +450K 1279 65 1344 13060
 
SBO, Argentina Apr 53.51 -0.04 +190K 1222 65 1287 10150
May 53.51 -0.04 +120K 1206 65 1271 10030
May/Jun/Jul 52.15 -0.25 +60N 1163 65 1228 9750
Aug/Sep 49.6 -0.35 +100U 1116 65 1181 9380
Oct/Nov/Dec 47.88 -0.36 +120Z 1082 65 1147 9180
 
SBO, Brazil Apr 53.51 -0.04 +180K 1220 65 1285 10140
May 53.51 -0.04 +110K 1204 65 1269 10010
Jun 52.15 -0.25 +50N 1161 65 1226 9740
Jun/Jul 52.15 -0.25 +50N 1161 65 1226 9740
Aug/Sep 49.6 -0.35 +100U 1116 65 1181 9380
Oct/Nov/Dec 47.88 -0.36 +120Z 1082 65 1147 9180
Jan-22 47.37 -0.37 -80F 1027 65 1092 8750
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.