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Cost of Importing Crude Soybean Oil in China--4/19/2021

2021-04-19 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 56.33 +1.44 -100K 1220 65 1285 10260
Jun 54.24 +1.37 -70N 1181 65 1246 9950
Jul 54.24 +1.37 -80N 1182 65 1247 9960
 
SBO, Brazil May 56.33 +1.44 -80K 1224 65 1289 10300
Jun 54.24 +1.37 -50N 1185 65 1250 9990
Jul 54.24 +1.37 -60N 1183 65 1248 9970
Aug/Sep 50.01 +0.91 0U 1103 65 1168 9400
Oct/Nov/Dec 47.84 +0.66 +50Z 1066 65 1131 9160
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.