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Cost of Importing Crude Soybean Oil in China--3/31/2021

2021-03-31 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 50.46 -2.50 +550K 1234 65 1299 12740
                 
SBO, Argentina Apr 50.46 -2.50 +180K 1152 65 1217 9720
May 50.46 -2.50 +110K 1137 65 1202 9610
Jun/Jul 48.31 -2.44 +20N 1070 65 1135 9140
Aug/Sep 44.96 -2.28 +70U 1007 65 1072 8630
 
SBO, Brazil May 50.46 -2.50 +150K 1146 65 1211 9680
Jun 48.31 -2.44 +50N 1076 65 1141 9190
Jul 48.31 -2.44 +30N 1072 65 1137 9150
Aug/Sep 44.96 -2.28 +100U 1014 65 1079 8690
Oct/Nov/Dec 43.63 -1.83 +110Z 987 65 1052 8530
Jan-22 43.35 -1.75 -80F 938 65 1003 8140
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.