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Theoretical Margins of Importing Soybean Oil in China--11/17/2020

2020-11-17 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 Feb/Mar 1004 9680 Y2101 7460 -2220 8150 -1530
 
SBO, Argentina Dec 1023 8040 Y2101 7860 -180 8150 110
Jan 1016 7990 Y2105 7460 -530 8150 160
Feb 970 7630 Y2105 7460 -170 8150 520
Mar 948 7460 Y2105 7460 0 8150 690
 
SBO, Brazil Jan 1034 8130 Y2105 7460 -670 8150 20
Feb 995 7830 Y2105 7460 -370 8150 320
Mar 977 7690 Y2105 7460 -230 8150 460