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Theoretical Margins of Importing Soybean Oil in China--12/22/2020

2020-12-22 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 1070 10280 Y2105 7510 -2770 8370 -1910
 
SBO, Argentina Jan 1092 8550 Y2105 7510 -1040 8370 -180
Feb 1048 8210 Y2105 7510 -700 8370 160
Mar 1013 7940 Y2105 7510 -430 8370 430
Apr 972 7620 Y2105 7510 -110 8370 750
May/Jun/Jul 961 7540 Y2109 7110 -430 8370 830
 
SBO, Brazil Jan 1108 8670 Y2105 7510 -1160 8370 -300
Feb 1062 8320 Y2105 7510 -810 8370 50
Mar 1018 7980 Y2105 7510 -470 8370 390
Apr/May 986 7730 Y2105 7510 -220 8370 640
Jun/Jul 975 7650 Y2109 7110 -540 8370 720