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Theoretical Margins of Importing Soybean Oil in China-5/19/2020

2020-05-19 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-20 694 7270 Y2009 5420 -1850 5450 -1820
 
SBO, Argentina Jun-20 681 5810 Y2009 5420 -390 5450 -360
Aug/Sep-20 680 5810 Y2009 5420 -290 5450 -360
Oct/Nov/Dec-20 687 5860 Y2101 5530 -330 5450 -410
 
SBO, Brazil Jun-20 681 5810 Y2009 5420 -390 5450 -360
Jul-20 676 5770 Y2009 5420 -350 5450 -320
Oct/Nov/Dec-20 692 5910 Y2101 5530 -380 5450 -460