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Cost of Importing Crude Soybean Oil in China--3/16/2021

2021-03-16 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, Argentina Apr 55.09 -0.27 +140K 1246 65 1311 10340
May/Jun/Jul 53.46 -0.35 +20N 1183 65 1248 9910
Aug/Sep 50.75 -0.30 +60U 1133 65 1198 9520
Oct/Nov/Dec 49.13 -0.22 +80Z 1101 65 1166 9340
 
SBO, Brazil Apr 55.09 -0.27 +160K 1250 65 1315 10370
May 55.09 -0.27 +80K 1233 65 1298 10240
Jun/Jul 53.46 -0.35 +30N 1186 65 1251 9940
Jul 53.46 -0.35 +40N 1188 65 1253 9950
Aug/Sep 50.75 -0.30 +100U 1141 65 1206 9580
Oct/Nov/Dec 49.13 -0.22 +120Z 1110 65 1175 9410
Jan-22 48.62 -0.22 -70F 1057 65 1122 8990
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.