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Cost of Importing Crude Soybean Oil in China--4/25/2021

2021-04-25 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 62.71 +0.19 -620K 1246 65 1311 10480
Jun 58.78 -0.17 -350N 1219 65 1284 10260
Aug/Sep 52.83 -0.26 -70U 1149 65 1214 9770
 
SBO, Brazil May 62.71 +0.19 -400K 1295 65 1360 10860
Jun 58.78 -0.17 -350N 1219 65 1284 10260
Jul 58.78 -0.17 -400N 1208 65 1273 10170
Aug/Sep 52.83 -0.26 -40U 1156 65 1221 9820
Oct/Nov/Dec 50.93 +0.11 -30Z 1116 65 1181 9560
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.