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Theoretical Margins of Importing Soybean Oil in China--9/30/2020

2020-09-30 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 8880 Y2101 6750 -2130 7050 -1830
 
SBO, Argentina Oct 864 7050 Y2101 6750 -300 7050 0
Nov/Dec 857 7000 Y2101 6750 -250 7050 50
Jan/Feb 850 6940 Y2105 6580 -360 7050 110
 
SBO, Brazil Nov 897 7330 Y2101 6750 -580 7050 -280
Dec 897 7330 Y2101 6750 -580 7050 -280
Jan 892 7280 Y2105 6580 -700 7050 -230