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Theoretical Margins of Importing Soybean Oil in China--1/8/2021

2021-01-08 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 1156 11080 Y2105 8150 -2930 8970 -2060
 
SBO, Argentina Feb 1143 8900 Y2105 8150 -750 8970 70
Mar 1095 8570 Y2105 8150 -420 8970 400
Apr 1053 8240 Y2105 8150 -90 8970 730
 
SBO, Brazil Jan 1161 9030 Y2105 8150 -880 8970 -60
Feb 1161 9030 Y2105 8150 -880 8970 -60
Mar 1101 8620 Y2105 8150 -470 8970 350
Apr/May 1068 8380 Y2105 8150 -230 8970 590