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Theoretical Margins of Importing Soybean Oil in China--9/14/2020

2020-09-14 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 886 8900 Y2101 7000 -1900 7130 -1770
 
SBO, Argentina Oct 858 7020 Y2101 7000 -20 7130 110
Nov/Dec 862 7050 Y2101 7000 -50 7130 80
Jan/Feb 853 6990 Y2105 6840 -150 7130 140
 
SBO, Brazil Oct 906 7410 Y2101 7000 -410 7130 -280
Nov/Dec 902 7380 Y2101 7000 -380 7130 -250
Jan 867 7100 Y2105 6840 -260 7130 30