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Theoretical Margins of Importing Soybean Oil in China--11/18/2020

2020-11-18 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 9670 Y2101 7450 -2220 8120 -1550
 
SBO, Argentina Dec 1026 8050 Y2101 7830 -220 8120 70
Jan 1023 8030 Y2105 7450 -580 8120 90
Feb 969 7620 Y2105 7450 -170 8120 500
 
SBO, Brazil Jan 1028 8070 Y2105 7450 -620 8120 50
Feb 993 7800 Y2105 7450 -350 8120 320
Mar 971 7630 Y2105 7450 -180 8120 490