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Theoretical Margins of Importing Soybean Oil in China--9/4/2020

2020-09-04 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 877 8820 Y2101 6740 -2080 6900 -1920
 
SBO, Argentina Oct 841 6890 Y2101 6740 -150 6900 10
Nov/Dec 842 6900 Y2101 6740 -160 6900 0
Jan/Feb 839 6880 Y2105 6600 -280 6900 20
 
SBO, Brazil Oct 887 7260 Y2101 6740 -520 6900 -360
Nov/Dec 888 7270 Y2101 6740 -530 6900 -370
Jan 850 6960 Y2105 6600 -360 6900 -60