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Theoretical Margins of Importing Soybean Oil in China--10/22/2020

2020-10-22 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 898 8800 Y2101 7160 -1640 7510 -1290
 
SBO, Argentina Oct/Nov/Dec 898 7170 Y2101 7160 -10 7510 340
Jan/Feb 889 7100 Y2105 6870 -230 7510 410
Mar 856 6840 Y2105 6870 30 7510 670
May/Jun/Jul 825 6600 Y2109 6710 110 7510 910
 
SBO, Brazil Dec 963 7690 Y2101 7160 -530 7510 -180
Jan 927 7410 Y2105 6870 -540 7510 100
Feb 909 7260 Y2105 6870 -390 7510 250
Mar 882 7050 Y2105 6870 -180 7510 460
Apr/May 848 6780 Y2109 6670 -110 7510 730
Jun/Jul 838 6710 Y2109 6710 0 7510 800