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Theoretical Margins of Importing Soybean Oil in China-5/20/2020

2020-05-20 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-20 688 7200 Y2009 5450 -1750 5460 -1740
 
SBO, Argentina Jun-20 680 5800 Y2009 5450 -350 5460 -340
Aug/Sep-20 679 5790 Y2009 5450 -340 5460 -330
Oct/Nov/Dec-20 684 5830 Y2101 5550 -280 5460 -370
 
SBO, Brazil Jun-20 684 5830 Y2009 5450 -380 5460 -370
Jul-20 682 5820 Y2009 5450 -370 5460 -360
Oct/Nov/Dec-20 687 5860 Y2101 5550 -310 5460 -400