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Theoretical Margins of Importing Soybean Oil in China--8/26/2020

2020-08-26 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 863 8760 Y2101 6480 -2280 6620 -2140
 
SBO, Argentina Sep 802 6650 Y2101 6480 -170 6620 -30
Nov/Dec 808 6690 Y2101 6480 -210 6620 -70
Jan/Feb 811 6710 Y2105 6350 -360 6620 -90
 
SBO, Brazil Oct 845 6990 Y2101 6480 -510 6620 -370
Nov/Dec 841 6960 Y2101 6480 -480 6620 -340
Jan 825 6830 Y2105 6350 -480 6620 -210