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Theoretical Margins of Importing Soybean Oil in China--10/20/2020

2020-10-20 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 883 8680 Y2101 6940 -1740 7290 -1390
 
SBO, Argentina Oct/Nov/Dec 867 6950 Y2101 6940 -10 7290 340
Jan/Feb 866 6940 Y2105 6740 -200 7290 350
Mar 841 6740 Y2105 6740 0 7290 550
May/Jun/Jul 811 6510 Y2109 6580 70 7290 880
 
SBO, Brazil Dec 955 7650 Y2101 6940 -710 7290 -360
Jan 907 7270 Y2105 6740 -530 7290 20
Feb 892 7150 Y2105 6740 -410 7290 140
Mar 866 6940 Y2105 6740 -200 7290 350
Apr/May 835 6700 Y2109 6580 -120 7290 590
Jun/Jul 831 6660 Y2109 6580 -80 7290 630