Today is 12/23/2024
| Home > Crush Margins for Imported Soybeans in China--9/14/2020

Crush Margins for Imported Soybeans in China--9/14/2020

2020-09-14 www.cofeed.com
Product Delivery CBOT CNF China Duty-paid DCE SBM DCE SBO DCE
Gross Margin		 Var. SBM Spot SBO Spot SCM
USD/tonne CNY/tonne
Soybean,
 US Gulf		 Sep 996 454 3567 3143 6808 209 27 3008 6960 132
Oct 996 455 3584 3143 6808 192 22 3008 6960 115
Nov 996 453 3573 3143 6808 203 42 3008 6960 126
Dec 999.25 451 3556 3143 6808 220 45 3008 6960 143
Jan,2021 999.25 448 3551 2959 6796 78 54 3008 6960 148
Soybean,
US PNW		 Oct 996 449 3532 3143 6808 244 41 3008 6960 167
Nov 996 449 3541 3143 6808 235 39 3008 6960 158
Dec 999.25 448 3534 3143 6808 242 35 3008 6960 165
Soybean,
 Brazil		 Sep 996 460 3610 3143 6808 235 47 3008 6960 158
Oct 996 460 3620 3143 6808 225 47 3008 6960 148
Nov 996 461 3635 3143 6808 210 44 3008 6960 133
Dec 999.25 463 3652 3143 6808 193 53 3008 6960 116
Jan,2021 999.25 435 3455 2959 6796 106 46 3008 6960 174
Feb,2021 996.75 431 3420 2959 6796 141 55 3008 6960 209
Mar,2021 996.75 421 3349 2959 6796 212 63 3008 6960 280
Apr,2021 995.25 418 3320 2959 6796 241 52 3008 6960 309
May,2021 995.25 420 3334 2959 6796 227 49 3008 6960 295
Jun,2021 994.75 420 3338 2959 6796 223 65 3008 6960 291
Soybean, Argentina Sep 996 442 3473 3143 6808 235 63 3008 6960 156
May,2021 994.75 409 3253 2959 6796 308 70 3008 6960 376
Remarks:
1. DCE: Dalian Commodity Exchange; SBM Spot: soybean meal spot price yesterday; SBO spot: soybean oil spot price yesterday; SCM: spot crushing margin.
2. CBOT is the closing price in previous session, and DCE is the intraday price at about 10:10 a.m.on the Dalian Commodity Exchange.
3. DCE crushing margin and spot crushing margin are both gross margins with labour fee. The net margins can be calculated by deducting 150 RMB/tonne, but there may be some difference in cost due to the factory scale.
4. Starting from March 2, 2020, China officially accepts the application for the exemption of additional tariffs on US soybeans, so the import duty is 3%.

 

Print Close