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Theoretical Margins of Importing Soybean Oil in China-5/14/2020

2020-05-14 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-20 663 6940 Y2009 5320 -1620 5380 -1560
 
SBO, Argentina Jun-20 632 5400 Y2009 5320 -80 5380 -20
Aug/Sep-20 637 5440 Y2009 5320 -120 5380 -60
Oct/Nov/Dec-20 652 5570 Y2101 5420 -150 5380 -190
 
SBO, Brazil Jun-20 640 5460 Y2009 5320 -140 5380 -80
Jul-20 639 5460 Y2009 5320 -140 5380 -80
Oct/Nov/Dec-20 657 5610 Y2101 5420 -190 5380 -230