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Cost of Importing Crude Soybean Oil in China--3/22/2021

2021-03-22 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 53.87 +0.35 +130K 1216 65 1281 10130
May 53.87 +0.35 +40K 1197 65 1262 9990
May/Jun/Jul 51.50 +0.17 +10N 1138 65 1203 9590
Aug/Sep 47.84 -0.13 +60U 1068 65 1133 9040
 
SBO, Brazil Apr 53.87 +0.35 +150K 1221 65 1286 10180
May 53.87 +0.35 +50K 1199 65 1264 10010
Jun 51.50 +0.17 +40N 1144 65 1209 9640
Jul 51.50 +0.17 -10N 1134 65 1199 9560
Aug/Sep 47.84 -0.13 +100U 1078 65 1143 9110
Oct/Nov/Dec 46.25 -0.04 +120Z 1046 65 1111 8930
Jan-22 45.8 0.00 -90F 990 65 1055 8480
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.