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Theoretical Margins of Importing Soybean Oil in China-5/25/2020

2020-05-25 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 7240 Y2009 5470 -1770 5490 -1790
 
SBO, Argentina Jun-20 671 5760 Y2009 5470 -290 5490 -270
Aug/Sep-20 668 5730 Y2009 5470 -260 5490 -240
Oct/Nov/Dec-20 679 5820 Y2101 5570 -250 5490 -330
 
SBO, Brazil Jun-20 677 5810 Y2009 5470 -340 5490 -320
Jul-20 669 5740 Y2009 5470 -270 5490 -250
Oct/Nov/Dec-20 681 5840 Y2101 5570 -270 5490 -350