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Theoretical Margins of Importing Soybean Oil in China--12/23/2020

2020-12-23 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 1079 10370 Y2105 7660 -2710 8500 -1870
 
SBO, Argentina Jan 1110 8700 Y2105 7660 -1040 8500 -200
Feb 1057 8280 Y2105 7660 -620 8500 220
Mar 1035 8110 Y2105 7660 -450 8500 390
May/Jun/Jul 965 7570 Y2109 7230 -340 8500 930
 
SBO, Brazil Jan 1121 8780 Y2105 7660 -1120 8500 -280
Feb 1099 8610 Y2105 7660 -950 8500 -110
Mar 1033 8100 Y2105 7660 -440 8500 400
Apr/May 991 7770 Y2105 7660 -110 8500 730
Jun/Jul 976 7660 Y2109 7230 -430 8500 840