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Cost of Importing Crude Soybean Oil in China--3/17/2021

2021-03-17 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 20-Mar/20-Apr 55.09 0.00 +160K 1250 65 1315 10390
Apr 55.09 0.00 +120K 1242 65 1307 10330
May 55.09 0.00 +50K 1226 65 1291 10200
May/Jun/Jul 53.35 -0.11 +10N 1179 65 1244 9890
Jun/Jul 53.35 -0.11 -30N 1170 65 1235 9820
Aug/Sep 50.55 -0.20 +60U 1128 65 1193 9490
Oct/Nov/Dec 48.87 -0.26 +80Z 1096 65 1161 9310
 
SBO, Brazil Apr 55.09 0.00 +150K 1248 65 1313 10370
May 55.09 0.00 +70K 1230 65 1295 10230
Jun 53.35 -0.11 +30N 1183 65 1248 9920
Jun/Jul 53.35 -0.11 +20N 1181 65 1246 9850
Jul 53.46 -0.35 +40N 1188 65 1253 9960
Aug/Sep 50.55 -0.20 +100U 1137 65 1202 9560
Oct/Nov/Dec 49.13 -0.22 +110Z 1108 65 1173 9400
Jan-22 48.35 -0.27 -70F 1051 65 1116 8950
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.