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Cost of Importing Crude Soybean Oil in China--3/15/2021

2021-03-15 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 55.36 +0.75 +500K 1331 65 1396 13510
 
SBO, Argentina Apr 55.36 +0.75 +140K 1252 65 1317 10380
May 55.36 +0.75 +100K 1243 65 1308 10310
May/Jun/Jul 53.81 +0.79 +20N 1191 65 1256 9970
Aug/Sep 51.05 +0.76 +90U 1145 65 1210 9610
Oct/Nov/Dec 49.35 +0.77 +80Z 1106 65 1171 9370
 
SBO, Brazil Apr 55.36 +0.75 +160K 1256 65 1321 10410
May 55.36 +0.75 +80K 1238 65 1303 10270
Jun/Jul 53.81 +0.79 +30N 1193 65 1258 9990
Aug/Sep 51.05 +0.76 +100U 1148 65 1213 9630
Oct/Nov/Dec 49.35 +0.77 +130Z 1117 65 1182 9460
Jan-22 48.84 +0.76 -80F 1060 65 1125 9000
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.