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Theoretical Margins of Importing Soybean Oil in China--1/4/2021

2021-01-04 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 1129 10730 Y2105 7980 -2750 8850 -1880
 
SBO, Argentina Jan 1176 9100 Y2105 7980 -1120 8850 -250
Feb 1100 8520 Y2105 7980 -540 8850 330
Mar 1074 8320 Y2105 7980 -340 8850 530
Apr 1026 7950 Y2105 7980 30 8850 900
May/Jun/Jul 1004 7780 Y2109 7480 -300 8850 1070
 
SBO, Brazil Jan 1176 9100 Y2105 7890 -1210 8850 -250
Feb 1155 8940 Y2105 7980 -960 8850 -90
Mar 1080 8370 Y2105 7980 -390 8850 480
Apr/May 1030 7970 Y2105 7980 10 8850 880
Jun/Jul 1006 7800 Y2109 7480 -320 8850 1050