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Cost of Importing Crude Soybean Oil in China--3/23/2021

2021-03-23 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 56.37 +2.50 +40K 1252 65 1317 10410
May 56.37 +2.50 -40K 1234 65 1299 10270
May/Jun/Jul 53.75 +2.25 -70N 1170 65 1235 9840
 
SBO, Brazil Apr 56.37 +2.50 +60K 1256 65 1321 10440
May 56.37 +2.50 -10K 1241 65 1306 10320
Jun 53.75 +2.25 -20N 1181 65 1246 9920
Jul 53.75 +2.25 -60N 1172 65 1237 9850
Aug/Sep 49.16 +1.32 +80U 1102 65 1167 9300
Oct/Nov/Dec 47.32 +1.07 +100Z 1065 65 1130 9060
Jan-22 46.75 +0.95 -70F 1015 65 1080 8670
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.