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Theoretical Margins of Importing Soybean Oil in China-5/11/2020

2020-05-11 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-20 677 7060 Y2009 5360 -1700 5500 -1560
 
SBO, Argentina Jun-20 637 5420 Y2009 5360 -60 5500 80
Aug/Sep-20 644 5480 Y2009 5360 -120 5500 20
Oct/Nov/Dec-20 657 5590 Y2101 5470 -120 5500 -90
 
SBO, Brazil Jun-20 644 5480 Y2009 5360 -120 5500 20
Jul-20 639 5440 Y2009 5360 -80 5500 60
Oct/Nov/Dec-20 659 5610 Y2101 5470 -140 5500 -110