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Theoretical Margins of Importing Soybean Oil in China--11/25/2020

2020-11-25 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 1039 10050 Y2105 7400 -2650 8120 -1930
 
SBO, Argentina Dec 1048 8260 Y2105 7400 -860 8120 -140
Jan 1038 8180 Y2105 7400 -780 8120 -60
Feb 984 7760 Y2105 7400 -360 8120 360
Mar 957 7550 Y2105 7400 -150 8120 570
Apr 932 7350 Y2105 7400 50 8120 770
May/Jun/Jul 922 7280 Y2109 7110 -170 8120 840
 
SBO, Brazil Jan 1045 8240 Y2105 7400 -840 8120 -120
Feb 1001 7890 Y2105 7400 -490 8120 230
Mar 979 7720 Y2105 7400 -320 8120 400