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Theoretical Margins of Importing Soybean Oil in China--8/28/2020

2020-08-28 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 890 9000 Y2101 6650 -2350 6780 -2220
 
SBO, Argentina Oct 833 6880 Y2101 6650 -230 6780 -100
Nov/Dec 837 6910 Y2101 6650 -260 6780 -130
Jan/Feb 836 6900 Y2105 6510 -390 6780 -120
 
SBO, Brazil Oct 872 7190 Y2101 6650 -540 6780 -410
Nov/Dec 870 7170 Y2101 6650 -520 6780 -390
Jan 844 6960 Y2105 6510 -450 6780 -180