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Theoretical Margins of Importing Soybean Oil in China--12/1/2020

2020-12-01 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 1031 9970 Y2105 7320 -2650 8070 -1900
 
SBO, Argentina Dec 1025 8080 Y2101 7720 -360 8070 -10
Jan 1018 8030 Y2105 7320 -710 8070 40
Feb 978 7710 Y2105 7320 -390 8070 360
May/Jun/Jul 911 7190 Y2109 7020 -170 8070 880
 
SBO, Brazil Dec 1068 8410 Y2101 7720 -690 8070 -340
Feb 994 7840 Y2105 7320 -520 8070 230
Mar 972 7670 Y2105 7320 -350 8070 400