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Theoretical Margins of Importing Soybean Oil in China-5/15/2020

2020-05-15 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-20 669 7000 Y2009 5420 -1580 5440 -1560
 
SBO, Argentina Jun-20 647 5520 Y2009 5420 -100 5440 -80
Jul-20 647 5520 Y2009 5420 -100 5440 -80
Aug/Sep-20 648 5530 Y2009 5420 -110 5440 -90
Oct/Nov/Dec-20 660 5630 Y2101 5500 -130 5440 -190
 
SBO, Brazil Jun-20 655 5590 Y2009 5420 -170 5440 -150
Jul-20 651 5560 Y2009 5420 -140 5440 -120
Oct/Nov/Dec-20 664 5670 Y2101 5500 -170 5440 -230