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Cost of Importing Crude Soybean Oil in China--3/18/2021

2021-03-18 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 54.60 -0.49 +130K 1233 65 1298 10230
May 54.60 -0.49 +50K 1215 65 1280 10090
May/Jun/Jul 52.85 -0.50 +10N 1168 65 1233 9780
Jun/Jul 52.85 -0.50 0N 1165 65 1230 9760
Aug/Sep 49.88 -0.67 +60U 1113 65 1178 9350
Oct/Nov/Dec 48.07 -0.80 +80Z 1078 65 1143 9140
 
SBO, Brazil Apr 54.60 -0.49 +180K 1244 65 1309 10320
May 54.60 -0.49 +100K 1226 65 1291 10180
Jun 52.85 -0.50 +50N 1177 65 1242 9850
Jun/Jul 52.85 -0.50 +30N 1172 65 1237 9750
Jul 52.85 -0.50 +30N 1172 65 1237 9750
Aug/Sep 49.88 -0.67 +100U 1122 65 1187 9420
Oct/Nov/Dec 48.07 -0.80 +110Z 1085 65 1150 9200
Jan-22 47.52 -0.83 -70F 1033 65 1098 8790
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.