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Theoretical Margins of Importing Soybean Oil in China--10/16/2020

2020-10-16 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 897 8880 Y2101 6990 -1890 7335 -1545
 
SBO, Argentina Oct/Nov/Dec 882 7110 Y2101 6990 -120 7335 225
Jan/Feb 881 7110 Y2105 6780 -330 7335 225
May/Jun/Jul 823 6640 Y2109 6650 10 7335 695
 
SBO, Brazil Dec 974 7850 Y2101 6990 -860 7335 -515
Jan 921 7430 Y2105 6780 -650 7335 -95
Feb 907 7320 Y2105 6780 -540 7335 15
Mar 872 7040 Y2105 6780 -260 7335 295
Apr/May 849 6850 Y2109 6650 -200 7335 485
Jun/Jul 836 6750 Y2109 6650 -100 7335 585