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Theoretical Margins of Importing Soybean Oil in China-5/13/2020

2020-05-13 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 7000 Y2009 5390 -1610 5460 -1540
 
SBO, Argentina Jun-20 633 5400 Y2009 5390 -10 5460 60
Aug/Sep-20 643 5490 Y2009 5390 -100 5460 -30
Oct/Nov/Dec-20 653 5570 Y2101 5490 -80 5460 -110
 
SBO, Brazil Jun-20 640 5460 Y2009 5390 -70 5460 0
Jul-20 637 5440 Y2009 5390 -50 5460 20
Oct/Nov/Dec-20 655 5590 Y2101 5490 -100 5460 -130