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Theoretical Margins of Importing Soybean Oil in China-5/21/2020

2020-05-21 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-20 698 7300 Y2009 5460 -1840 5480 -1820
 
SBO, Argentina Jun-20 687 5860 Y2009 5460 -400 5480 -380
Jul-20 678 5790 Y2009 5460 -330 5480 -310
Aug/Sep-20 685 5850 Y2009 5460 -390 5480 -370
Oct/Nov/Dec-20 693 5910 Y2101 5560 -350 5480 -430
 
SBO, Brazil Jun-20 698 5960 Y2009 5460 -500 5480 -480
Jul-20 682 5830 Y2009 5460 -370 5480 -350
Oct/Nov/Dec-20 695 5930 Y2101 5560 -370 5480 -450