Today is 12/22/2024
| Home > Crush Margins for Imported Soybeans in China--12/25/2020

Crush Margins for Imported Soybeans in China--12/25/2020

2020-12-25 www.cofeed.com
Product Delivery CBOT CNF China Duty-paid DCE SBM DCE SBO DCE
Gross Margin		 Var. SBM Spot SBO Spot SCM
USD/tonne CNY/tonne
Soybean,
 US Gulf		 Dec 1263.5 542 4062 3172 8706 98 -32 3242 8690 150
Jan 1263.5 541 4050 3272 7878 32 -13 3242 8690 162
Feb 1264.5 539 4044 3272 7878 38 -16 3242 8690 168
Soybean,
US PNW		 Dec 1263.5 535 4006 3172 8706 154 -41 3242 8690 206
Jan 1263.5 535 4006 3272 7878 76 -25 3242 8690 206
Feb 1264.5 534 4010 3272 7878 72 -24 3242 8690 202
Oct 1083.25 479 3628 3278 7350 358 -24 3242 8690 584
Soybean,
 Brazil		 Jan 1264.5 541 4050 3272 7878 110 -29 3242 8690 249
Feb 1264.5 525 3940 3272 7878 220 -1 3242 8690 359
Mar 1264.5 517 3888 3272 7878 272 -3 3242 8690 411
Apr 1262.75 517 3907 3272 7878 253 -18 3242 8690 392
May 1262.75 519 3925 3272 7878 235 -19 3242 8690 374
Jun 1257.25 522 3950 3331 7410 163 -19 3242 8690 349
Jul 1257.25 525 3966 3331 7410 147 -13 3242 8690 333
Soybean, Argentina May 1257.25 520 3932 3272 7878 71 -19 3242 8690 193
Remarks:
1. DCE: Dalian Commodity Exchange; SBM Spot: soybean meal spot price yesterday; SBO spot: soybean oil spot price yesterday; SCM: spot crushing margin.
2. CBOT is the closing price in previous session, and DCE is the intraday price at about 10:10 a.m.on the Dalian Commodity Exchange.
3. DCE crushing margin and spot crushing margin are both gross margins with labour fee. The net margins can be calculated by deducting 150 RMB/tonne, but there may be some difference in cost due to the factory scale.
4. Starting from March 2, 2020, China officially accepts the application for the exemption of additional tariffs on US soybeans, so the import duty is 3%.

 

Print Close