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Theoretical Margins of Importing Soybean Oil in China--1/13/2021

2021-01-13 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 10840 Y2105 7980 -2860 8840 -2000
 
SBO, Argentina Jan 1140 8860 Y2105 7980 -880 8840 -20
Feb 1113 8650 Y2105 7980 -670 8840 190
Mar 1060 8280 Y2105 7980 -300 8840 560
Apr 1027 8030 Y2105 7980 -50 8840 810
May/Jun/Jul 1018 7880 Y2109 7550 -330 8840 960
 
SBO, Brazil Mar 1074 8390 Y2105 7980 -410 8840 450
Apr/May 1038 8120 Y2105 7980 -140 8840 720
Jun/Jul 1018 7880 Y2105 7550 -330 8840 960