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Theoretical Margins of Importing Soybean Oil in China--10/21/2020

2020-10-21 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 900 8820 Y2101 7040 -1780 7380 -1440
 
SBO, Argentina Nov/Dec 882 7050 Y2101 7040 -10 7380 330
Jan/Feb 876 7000 Y2105 6820 -180 7380 380
Mar 849 6790 Y2105 6820 30 7380 710
 
SBO, Brazil Dec 955 7630 Y2101 7040 -590 7380 -250
Jan 924 7380 Y2105 6820 -560 7380 0
Feb 907 7240 Y2105 6820 -420 7380 140
Mar 876 7000 Y2105 6820 -180 7380 380
Apr/May 847 6770 Y2109 6670 -100 7380 610
Jun/Jul 839 6710 Y2109 6670 -40 7380 670