Product | Delivery | CBOT | CNF China | Duty-paid | DCE SBM | DCE SBO | DCE Gross Margin |
Var. | SBM Spot | SBO Spot |
SCM |
USD/MT | RMB/MT | ||||||||||
Soybean, US Gulf | May | 836.75 | 372 | 3,038 | 2,773 | 5,476 | 193 | -19 | 3,143 | 5,800 | 547 |
Jun | 845.75 | 376 | 3,069 | 2,773 | 5,476 | 162 | -16 | 3,143 | 5,800 | 516 | |
Jul | 845.75 | 376 | 3,069 | 2,773 | 5,476 | 162 | -16 | 3,143 | 5,800 | 516 | |
Oct | 854.5 | 379 | 3,100 | 2,806 | 5,528 | 167 | -9 | 3,143 | 5,800 | 485 | |
Soybean,US PNW | May | 836.75 | 371 | 3,023 | 2,773 | 5,476 | 208 | -18 | 3,143 | 5,800 | 562 |
Soybean, Brazil | Apr | 836.75 | 359 | 2,931 | 2,723 | 5,564 | 333 | 8 | 3,143 | 5,800 | 712 |
May | 836.75 | 360 | 2,937 | 2,773 | 5,476 | 349 | -5 | 3,143 | 5,800 | 706 | |
Jun | 851.75 | 367 | 2,997 | 2,773 | 5,476 | 289 | -32 | 3,143 | 5,800 | 646 | |
Jul | 845.75 | 368 | 3,007 | 2,773 | 5,476 | 279 | -3 | 3,143 | 5,800 | 636 | |
Aug | 845.75 | 372 | 3,044 | 2,773 | 5,476 | 242 | -17 | 3,143 | 5,800 | 599 | |
Sep | 854.5 | 376 | 3,076 | 2,806 | 5,528 | 246 | -9 | 3,143 | 5,800 | 567 | |
Feb,2021 | 845.5 | 355 | 2,908 | 2,806 | 5,528 | 414 | 10 | 3,143 | 5,800 | 735 | |
Mar,2021 | 845.5 | 350 | 2,870 | 2,806 | 5,528 | 452 | -10 | 3,143 | 5,800 | 773 | |
Soybean, Argentina | May | 845.75 | 361 | 2,943 | 2,773 | 5,476 | 233 | -16 | 3,143 | 5,800 | 584 |
Jun | 845.75 | 363 | 2,963 | 2,773 | 5,476 | 213 | -17 | 3,143 | 5,800 | 564 | |
Remarks: | |||||||||||
1. SBM Spot: soybean meal spot price; SBO spot: soybean oil spot price, SCM: spot crushing margin. | |||||||||||
2. CBOT Price is the closing price last night, and DCE Price is the intraday price at about 10:00 a.m.on the Dalian Commodity Exchange. | |||||||||||
3. DCE crushing margin and spot crushing margin are both gross margins with labour fee. The net margins can be calculated by deducting 150 RMB/tonne, but there may be some difference in cost due to the factory scale. | |||||||||||
4. Additional import duty of 3% |