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Cost of Importing Crude Soybean Oil in China--3/30/2021

2021-03-30 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 52.96 +0.48 +550K 1289 65 1354 13270
                 
SBO, Argentina Apr 52.96 +0.48 +130K 1196 65 1261 10080
May 52.96 +0.48 +70K 1183 65 1248 9990
May/Jun/Jul 50.75 +0.87 +50N 1130 65 1195 9620
Jun/Jul 50.75 +0.87 +20N 1123 65 1188 9560
 
SBO, Brazil Apr 52.96 +0.48 +130K 1196 65 1261 10080
May 52.96 +0.48 +80K 1185 65 1250 9990
Jun 50.75 +0.87 +50N 1130 65 1195 9620
Jul 50.75 +0.87 +20N 1123 65 1188 9560
Aug/Sep 47.24 +0.79 +100U 1064 65 1129 9090
Oct/Nov/Dec 45.46 +0.53 +90Z 1022 65 1087 8810
Jan-22 45.1 +0.55 -80F 977 65 1042 8450
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.