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Theoretical Margins of Importing Soybean Oil in China-6/3/2020

2020-06-03 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 Jun-20 717 7500 Y2009 5680 -1820 5770 -1730
 
SBO, Argentina Jun-20 724 6170 Y2009 5680 -490 5770 -400
Aug/Sep-20 712 6070 Y2009 5680 -390 5770 -300
Oct/Nov/Dec-20 724 6170 Y2101 5740 -430 5770 -400
 
SBO, Brazil Jul-20 726 6190 Y2009 5640 -550 5770 -420
Aug/Sep-20 714 6090 Y2009 5640 -450 5770 -320
Oct/Nov/Dec-20 729 6220 Y2101 5700 -520 5770 -450