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Cost of Importing Crude Soybean Oil in China--3/12/2021

2021-03-12 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 54.61  +1.10 +500K 1314 65 1379 13300
 
SBO, Argentina Apr 54.61  +1.10 +130K 1233 65 1298 10200
May 54.61  +1.10 +100K 1226 65 1291 10150
May/Jun/Jul 53.02 +0.87 +30N 1176 65 1241 9820
Aug/Sep 50.29 +0.69 +100U 1131 65 1196 9470
Oct/Nov/Dec 48.58 +0.70 +80Z 1089 65 1154 9210
 
SBO, Brazil Apr 54.61  +1.10 +180K 1244 65 1309 10290
May 54.61  +1.10 +100K 1226 65 1291 10150
Jun 53.02 +0.87 +50N 1180 65 1245 9850
Jun/Jul 53.02 +0.87 +40N 1178 65 1243 9840
Aug/Sep 50.29 +0.69 +100U 1131 65 1196 9470
Oct/Nov/Dec 48.58 +0.70 +140Z 1102 65 1167 9310
Jan-22 48.08 +0.71 -80F 1043 65 1108 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.