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Cost of Importing Crude Soybean Oil in China--3/29/2021

2021-03-29 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, US Gulf Apr/May 52.48 -2.50 +550K 1278 65 1343 13170
                 
SBO, Argentina Apr 52.48 -2.50 +120K 1184 65 1249 9930
May 52.48 -2.50 +100K 1179 65 1244 9890
May/Jun/Jul 49.88 -2.30 +60N 1113 65 1178 9430
Jun/Jul 49.88 -2.30 +40N 1109 65 1174 9400
Oct/Nov/Dec 44.93 -1.39 +70Z 1006 65 1071 8640
 
SBO, Brazil May 52.48 -2.50 +120K 1184 65 1249 9930
Jun 49.88 -2.30 +50N 1111 65 1176 9420
Jul 49.88 -2.30 +30N 1107 65 1172 9380
Aug/Sep 46.45 -1.62 +100U 1047 65 1112 8910
Oct/Nov/Dec 44.93 -1.39 +100Z 1013 65 1078 8690
Jan-22 44.55 -1.31 -80F 965 65 1030 8310
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.