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Theoretical Margins of Importing Soybean Oil in China--10/14/2020

2020-10-14 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 907 8990 Y2101 7160 -1830 7478 -1512
 
SBO, Argentina Oct/Nov 885 7160 Y2101 7160 0 7478 318
Dec 887 7180 Y2101 7160 -20 7478 298
Jan 880 7120 Y2105 6940 -180 7478 358
Feb 877 7060 Y2105 6940 -120 7478 418
May/Jun/Jul 825 6640 Y2109 6790 150 7478 838
 
SBO, Brazil Nov 972 7810 Y2101 7160 -650 7478 -332
Dec 981 7880 Y2101 7160 -720 7478 -402
Jan 919 7390 Y2105 6940 -450 7478 88
Feb 907 7300 Y2105 6940 -360 7478 178
Mar 876 7050 Y2105 6940 -110 7478 428