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Theoretical Margins of Importing Soybean Oil in China--12/16/2020

2020-12-16 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 1067 10260 Y2105 7560 -2700 8360 -1900
 
SBO, Argentina Jan 1067 8360 Y2105 7560 -800 8360 0
Feb 1019 7990 Y2105 7560 -430 8360 370
May/Jun/Jul 941 7380 Y2109 7190 -190 8360 980
 
SBO, Brazil Feb 1063 8330 Y2105 7560 -770 8360 30
Mar 1034 8100 Y2105 7560 -540 8360 260
Apr/May 968 7590 Y2105 7560 -30 8360 770