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Cost of Importing Crude Soybean Oil in China--3/19/2021

2021-03-19 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 53.52 -1.08 +100K 1202 65 1267 10030
May/Jun/Jul 51.33 -1.52 +20N 1136 65 1201 9570
Jun/Jul 51.33 -1.52 +10N 1134 65 1199 9550
Aug/Sep 47.97 -1.91 +60U 1071 65 1136 9060
Oct/Nov/Dec 46.29 -1.78 +80Z 1038 65 1103 8860
 
SBO, Brazil Apr 53.52 -1.08 +180K 1220 65 1285 10160
Jun 51.33 -1.52 +50N 1143 65 1208 9620
Jun/Jul 51.33 -1.52 +20N 1136 65 1201 9570
Jul 51.33 -1.52 +30N 1139 65 1204 9590
Aug/Sep 47.97 -1.91 +100U 1080 65 1145 9130
Oct/Nov/Dec 46.29 -1.78 +120Z 1048 65 1113 8940
Jan-22 45.8 -1.72 -70F 995 65 1060 8520
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.