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Cost of Importing Crude Soybean Oil in China--3/25/2021

2021-03-25 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 57.48 +0.46 -10K 1265 65 1330 10540
May 57.48 +0.46 -70K 1252 65 1317 10440
May/Jun/Jul 54.40 +0.58 -100N 1177 65 1242 9920
Jun/Jul 54.40 +0.58 -110N 1175 65 1240 9900
Aug/Sep 49.70 +0.60 +30U 1103 65 1168 9330
Oct/Nov/Dec 47.73 +0.50 +50Z 1064 65 1129 9080
 
SBO, Brazil May 57.48 +0.46 -70K 1252 65 1317 10440
Jun 54.40 +0.58 -60N 1186 65 1251 9990
Jul 54.40 +0.58 -80N 1182 65 1247 9950
Aug/Sep 49.70 +0.60 +60U 1109 65 1174 9380
Oct/Nov/Dec 47.73 +0.50 +90Z 1072 65 1137 9140
Jan-22 47.23 +0.53 -80F 1024 65 1089 8760
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.