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Cost of Importing Crude Soybean Oil in China--4/9/2021

2021-04-09 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 53.38 +0.53 +550K 1298 65 1363 13350
                 
SBO, Argentina May 53.38 +0.53 +80K 1195 65 1260 10070
Jun 51.41 +0.41 +50N 1145 65 1210 9730
Jun/Jul 51.41 +0.41 +10N 1136 65 1201 9660
 
SBO, Brazil May 53.38 +0.53 +80K 1195 65 1260 10070
Jun 51.41 +0.41 +90N 1153 65 1218 9800
Jun/Jul 51.41 +0.41 +30N 1140 65 1205 9700
Aug/Sep 48.61 +0.40 +50U 1083 65 1148 9240
Oct/Nov/Dec 47.45 +0.33 +140Z 1077 65 1142 9250
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.