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Theoretical Margins of Importing Soybean Oil in China-6/15/2020

2020-06-15 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-20 714 7450 Y2009 5570 -1880 5680 -1770
 
SBO, Argentina Jun-20 712 6060 Y2009 5570 -490 5680 -380
Aug/Sep-20 718 6110 Y2009 5570 -540 5680 -430
Oct/Nov/Dec-20 721 6130 Y2101 5650 -480 5680 -450
 
SBO, Brazil Jul-20 723 6150 Y2009 5570 -580 5680 -470
Aug/Sep-20 727 6180 Y2009 5570 -610 5680 -500
Oct/Nov/Dec-20 734 6240 Y2101 5650 -590 5680 -560