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Cost of Importing Crude Soybean Oil in China--4/2/2021

2021-04-02 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 52.13 -0.79 +550K 1271 65 1336 13100
                 
SBO, Argentina 15-Apr/15-May 52.13 -0.79 +130K 1178 65 1243 9930
May 52.13 -0.79 +110N 1174 65 1239 9900
 
SBO, Brazil May 52.13 -0.79 +130K 1178 65 1243 9940
Jun 50.52 -0.24 +90N 1134 65 1199 9640
Jul 50.52 -0.24 +40N 1123 65 1188 9560
Aug/Sep 47.46 +0.10 +60U 1060 65 1125 9060
Oct/Nov/Dec 46.12 +0.08 +130Z 1046 65 1111 9000
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.