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Theoretical Margins of Importing Soybean Oil in China--12/21/2020

2020-12-21 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 1084 10430 Y2105 7700 -2730 8560 -1870
 
SBO, Argentina Jan 1097 8600 Y2105 7700 -900 8560 -40
Feb 1060 8310 Y2105 7700 -610 8560 250
Mar 1020 8000 Y2105 7700 -300 8560 560
Apr 967 7590 Y2105 7700 110 8560 970
May/Jun/Jul 962 7550 Y2109 7270 -280 8560 1010
 
SBO, Brazil Jan 1084 8500 Y2105 7700 -800 8560 60
Feb 1062 8330 Y2105 7700 -630 8560 230
Mar 1020 8000 Y2105 7700 -300 8560 560
Apr/May 985 7730 Y2105 7700 -30 8560 830
Jun/Jul 975 7650 Y2109 7270 -380 8560 910