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Theoretical Margins of Importing Soybean Oil in China--12/29/2020

2020-12-29 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 1099 10540 Y2105 7712 -2828 8580 -1960
 
SBO, Argentina Jan 1155 9020 Y2105 7712 -1308 8580 -440
Feb 1081 8450 Y2105 7712 -738 8580 130
Mar 1055 8250 Y2105 7712 -538 8580 330
May/Jun/Jul 989 7740 Y2109 7230 -510 8580 840
 
SBO, Brazil Jan 1146 8960 Y2105 7712 -1248 8580 -380
Feb 1121 8760 Y2105 7712 -1048 8580 -180
Mar 1057 8270 Y2105 7712 -558 8580 310
Apr/May 1007 7880 Y2105 7712 -168 8580 700
Jun/Jul 991 7760 Y2109 7230 -530 8580 820