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Theoretical Margins of Importing Soybean Oil in China-5/12/2020

2020-05-12 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-20 676 7070 Y2009 5320 -1750 5450 -1620
 
SBO, Argentina Jun-20 638 5440 Y2009 5320 -120 5450 10
Aug/Sep-20 646 5510 Y2009 5320 -190 5450 -60
Oct/Nov/Dec-20 658 5610 Y2101 5430 -180 5450 -160
 
SBO, Brazil Jun-20 645 5500 Y2009 5320 -180 5450 -50
Jul-20 642 5480 Y2009 5320 -160 5450 -30
Oct/Nov/Dec-20 661 5640 Y2101 5430 -230 5450 -190