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Theoretical Margins of Importing Soybean Oil in China--11/19/2020

2020-11-19 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 1044 10060 Y2101 7590 -2470 8260 -1800
 
SBO, Argentina Dec 1063 8350 Y2101 7980 -370 8260 -90
Jan 1056 8300 Y2105 7590 -710 8260 -40
Feb 1002 7880 Y2105 7590 -290 8260 380
Mar 969 7620 Y2105 7590 -30 8260 640
Apr 940 7400 Y2105 7590 190 8260 860
May/Jun/Jul 924 7270 Y2109 7270 0 8260 990
 
SBO, Brazil Dec 1085 8520 Y2101 7980 -540 8260 -260
Jan 1058 8310 Y2105 7590 -720 8260 -50
Feb 1013 7960 Y2105 7590 -370 8260 300
Mar 982 7720 Y2105 7590 -130 8260 540
Apr 958 7540 Y2105 7590 50 8260 720
Jun/Jul 938 7380 Y2109 7270 -110 8260 880