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Theoretical Margins of Importing Soybean Oil in China--11/23/2020

2020-11-23 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 1047 10080 Y2101 7430 -2650 8050 -2030
 
SBO, Argentina Jan 1059 8320 Y2105 7430 -890 8050 -270
Feb 999 7850 Y2105 7430 -420 8050 200
Mar 972 7640 Y2105 7430 -150 8050 410
Apr 944 7420 Y2105 7430 80 8050 630
May/Jun/Jul 928 7290 Y2109 7140 -90 8050 760
 
SBO, Brazil Jan 1066 8370 Y2105 7430 -940 8050 -320
Feb 1022 8020 Y2105 7430 -590 8050 30
Mar 985 7740 Y2105 7430 -310 8050 310
Apr 961 7550 Y2105 7430 -120 8050 500
Jun/Jul 941 7400 Y2109 7140 -260 8050 650