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Theoretical Margins of Importing Soybean Oil in China-5/8/2020

2020-05-08 www.cofeed.com
Product Delivery CFR China Duty Paid Dalian Commodity Exchange (CNY/tonne) Spot GB Grade 3 Spread
USD/tonne CNY/tonne Contract Price Import Margin
SBO, US Gulf May-20 670 6990 Y2009 5370 -1620 5530 -1460
 
SBO, Argentina Jun-20 629 5360 Y2009 5370 10 5530 170
Aug/Sep-20 638 5430 Y2009 5370 -60 5530 100
Oct/Nov/Dec-20 651 5540 Y2101 5460 -80 5530 -10
 
SBO, Brazil Jun-20 627 5340 Y2009 5370 30 5530 190
Jul-20 638 5430 Y2009 5370 -60 5530 100
Oct/Nov/Dec-20 651 5540 Y2101 5460 -80 5530 -10