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Theoretical Margins of Importing Soybean Oil in China--8/3/2020

2020-08-03 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 Nov/Dec 818 8400 Y2101 6400 -2000 6620 -1780
 
SBO, Argentina Aug 833 6970 Y2009 6460 -510 6620 -350
Sep 805 6740 Y2101 6400 -340 6620 -120
Oct/Dec 790 6610 Y2101 6400 -210 6620 10
 
SBO, Brazil Sep 856 7160 Y2101 6400 -760 6620 -540
Oct/Nov/Dec 816 6830 Y2101 6400 -430 6620 -210
Jan 801 6700 Y2105 6300 -400 6620 -80