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Cost of Importing Crude Soybean Oil in China--4/1/2021

2021-04-01 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 52.92 +2.46 +550K 1288 65 1353 13260
                 
SBO, Argentina May 52.92 +2.46 +60K 1180 65 1245 9950
 
SBO, Brazil May 52.92 +2.46 +110K 1191 65 1256 10040
Jun 50.76 +2.45 +40N 1128 65 1193 9600
Jul 50.76 +2.45 +10N 1121 65 1186 9540
Aug/Sep 47.36 +2.40 +50U 1055 65 1120 9020
Oct/Nov/Dec 46.04 +2.41 +110Z 1039 65 1104 8950
Jan-22 45.71 +2.36 -100F 986 65 1051 8520
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.