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Theoretical Margins of Importing Soybean Oil in China--1/6/2021

2021-01-06 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 1155 11070 Y2105 8130 -2940 8950 -2120
 
SBO, Argentina Jan 1198 9300 Y2105 8130 -1170 8950 -350
Feb 1149 8930 Y2105 8130 -800 8950 20
Mar 1083 8460 Y2105 8130 -330 8950 490
Apr 1049 8200 Y2105 8130 -70 8950 750
 
SBO, Brazil Jan 1188 9230 Y2105 8130 -1100 8950 -280
Feb 1160 9010 Y2105 8130 -880 8950 -60
Mar 1100 8590 Y2105 8130 -460 8950 360
Apr/May 1062 8340 Y2105 8130 -210 8950 610