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Theoretical Margins of Importing Soybean Oil in China--12/31/2020

2020-12-31 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 1117 10710 Y2105 7890 -2820 8750 -1960
 
SBO, Argentina Feb 1088 8500 Y2105 7890 -610 8750 250
Mar 1062 8300 Y2105 7890 -410 8750 450
Apr 1015 7940 Y2109 7890 -50 8750 810
 
SBO, Brazil Feb 1143 8920 Y2105 7890 -1030 8750 -170
Mar 1073 8390 Y2105 7890 -500 8750 360
Apr/May 1019 7970 Y2105 7890 -80 8750 780