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Theoretical Margins of Importing Soybean Oil in China--12/30/2020

2020-12-30 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 1114 10680 Y2105 7840 -2840 8690 -1990
 
SBO, Argentina Jan 1168 9110 Y2105 7840 -1270 8690 -420
Feb 1097 8570 Y2105 7840 -730 8690 120
Mar 1057 8260 Y2105 7840 -420 8690 430
May/Jun/Jul 993 7760 Y2109 7364 -396 8690 930
 
SBO, Brazil Jan 1155 9020 Y2105 7840 -1180 8690 -330
Feb 1130 8820 Y2105 7840 -980 8690 -130
Mar 1070 8340 Y2105 7840 -500 8690 350
Apr/May 1018 7960 Y2105 7840 -120 8690 730
Jun/Jul 995 7780 Y2109 7364 -416 8690 910