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Theoretical Margins of Importing Soybean Oil in China--12/8/2020

2020-12-08 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 1044 10020 Y2105 7240 -2780 8120 -1900
 
SBO, Argentina Jan 1039 8130 Y2105 7240 -890 8120 -10
Feb 984 7710 Y2105 7240 -470 8120 350
Mar 962 7540 Y2105 7240 -300 8120 520
May/Jun/Jul 932 7300 Y2109 6940 -360 8120 760
 
SBO, Brazil Jan 1052 8230 Y2105 7240 -990 8120 -110
Feb 1059 8280 Y2105 7240 -960 8120 -160
Mar 980 7680 Y2105 7240 -440 8120 380