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Theoretical Margins of Importing Soybean Oil in China--11/20/2020

2020-11-20 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 1050 10110 Y2101 7590 -2520 8220 -1890
 
SBO, Argentina Jan 1063 8370 Y2105 7540 -830 8220 -150
Feb 1004 7920 Y2105 7540 -380 8220 300
Mar 975 7690 Y2105 7540 -150 8220 530
Apr 946 7460 Y2105 7540 80 8220 760
May/Jun/Jul 929 7330 Y2109 7240 -90 8220 890
 
SBO, Brazil Jan 1069 8420 Y2105 7540 -880 8220 -200
Feb 1019 8030 Y2105 7540 -490 8220 190
Mar 988 7790 Y2105 7540 -250 8220 430
Apr 963 7600 Y2105 7540 -60 8220 620
Jun/Jul 943 7440 Y2109 7240 -200 8220 780