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Cost of Importing Crude Soybean Oil in China--4/28/2021

2021-04-28 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 66.45 +1.24 -850K 1283 65 1348 10760
Jun 60.88 -0.01 -440N 1246 65 1311 10470
 
SBO, Brazil May 66.45 +1.24 -700K 1311 65 1376 10990
Jun 60.88 -0.01 -430N 1248 65 1313 10490
Jul 60.88 -0.01 -460N 1241 65 1306 10430
Aug/Sep 53.57 -0.43 -150U 1148 65 1213 9760
Oct/Dec 51.32 -0.68 +20Z 1136 65 1201 9720
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.