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Theoretical Margins of Importing Soybean Oil in China--1/12/2021

2021-01-12 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 1131 10820 Y2105 8010 -2810 8850 -1970
 
SBO, Argentina Jan 1142 8910 Y2105 8010 -900 8850 -60
Feb 1115 8700 Y2105 8010 -690 8850 150
Mar 1065 8350 Y2105 8010 -340 8850 500
Apr 1028 8060 Y2105 8010 -50 8850 790
 
SBO, Brazil Feb 1133 8840 Y2105 8010 -830 8850 10
Mar 1074 8420 Y2105 8010 -410 8850 430
Apr/May 1041 8200 Y2105 8010 -190 8850 650