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Theoretical Margins of Importing Soybean Oil in China-5/27/2020

2020-05-27 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-20 702 7400 Y2009 5520 -1880 5560 -1840
 
SBO, Argentina Jun-20 687 5910 Y2009 5520 -390 5560 -350
Aug/Sep-20 684 5880 Y2009 5520 -360 5560 -320
Oct/Nov/Dec-20 693 5960 Y2101 5610 -350 5560 -400
 
SBO, Brazil Jun-20 698 6000 Y2009 5520 -480 5560 -440
Jul-20 683 5870 Y2009 5520 -350 5560 -310
Oct/Nov/Dec-20 693 5960 Y2101 5610 -350 5560 -400