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Theoretical Margins of Importing Soybean Oil in China--9/29/2020

2020-09-29 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 895 8980 Y2101 6930 -2050 7200 -1780
 
SBO, Argentina Oct 875 7150 Y2101 6930 -220 7200 50
Nov/Dec 867 7090 Y2101 6930 -160 7200 110
Jan/Feb 860 7030 Y2105 6740 -290 7200 170
 
SBO, Brazil Nov 979 8000 Y2101 6930 -1070 7200 -800
Dec 979 8000 Y2101 6930 -1070 7200 -800
Jan 887 7250 Y2105 6740 -510 7200 -50