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Cost of Importing Crude Soybean Oil in China--4/16/2021

2021-04-16 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, Argentina May 54.89 +0.65 +30K 1217 65 1282 10240
Jun 52.87 +0.65 -10N 1164 65 1229 9820
Jun/Jul 52.87 +0.65 -40N 1157 65 1222 9770
Aug/Sep 49.10 +0.35 +20U 1086 65 1151 9260
Oct/Nov/Dec 47.18 +0.03 +50Z 1052 65 1117 9050
 
SBO, Brazil May 54.89 +0.65 +70K 1226 65 1291 10320
Jun 52.87 +0.65 0N 1166 65 1231 9840
Jun/Jul 52.87 +0.65 -20N 1162 65 1227 9810
Jul 52.87 +0.65 -10N 1164 65 1229 9820
Aug/Sep 49.10 +0.35 +50U 1094 65 1159 9330
Oct/Nov/Dec 47.18 +0.03 +80Z 1058 65 1123 9100
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.