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Theoretical Margins of Importing Soybean Oil in China--9/15/2020

2020-09-15 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 899 8980 Y2101 6970 -2010 7120 -1860
 
SBO, Argentina Oct 874 7110 Y2101 6970 -140 7120 10
Nov/Dec 875 7120 Y2101 6970 -150 7120 0
Jan/Feb 869 7070 Y2105 6790 -280 7120 50
 
SBO, Brazil Oct 922 7510 Y2101 6970 -540 7120 -390
Nov/Dec 923 7510 Y2101 6970 -540 7120 -390
Jan 885 7200 Y2105 6790 -410 7120 -80