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Theoretical Margins of Importing Soybean Oil in China--1/11/2021

2021-01-11 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 1152 11040 Y2105 8060 -2980 8900 -2140
 
SBO, Argentina Jan 1154 9010 Y2105 8060 -950 8900 -110
Feb 1134 8860 Y2105 8060 -800 8900 40
Mar 1090 8520 Y2105 8060 -460 8900 380
Apr 1053 8270 Y2105 8060 -210 8900 630
 
SBO, Brazil Jan 1156 9030 Y2105 8060 -970 8900 -130
Feb 1155 9020 Y2105 8060 -960 8900 -120
Mar 1095 8560 Y2105 8060 -500 8900 340
Apr/May 1063 8350 Y2105 8060 -290 8900 550