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Cost of Importing Crude Soybean Oil in China--3/26/2021

2021-03-26 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 54.98 -2.50 +40K 1221 65 1286 10230
May 54.98 -2.50 +10K 1215 65 1280 10180
May/Jun/Jul 52.18 -2.22 +20N 1155 65 1220 9770
Jun/Jul 52.18 -2.22 -10N 1148 65 1213 9720
Oct/Nov/Dec 46.32 -1.41 +70Z 1037 65 1102 8900
 
SBO, Brazil Apr 54.98 -2.50 +30K 1217 65 1282 10200
May 54.98 -2.50 +20K 1217 65 1282 10200
Jun 52.18 -2.22 +10N 1153 65 1218 9760
Jul 52.18 -2.22 +20N 1155 65 1220 9770
Aug/Sep 48.07 -1.63 +80U 1078 65 1143 9160
Oct/Nov/Dec 46.32 -1.41 +100Z 1043 65 1108 8940
Jan-22 45.86 -1.37 -80F 994 65 1059 8550
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.