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Theoretical Margins of Importing Soybean Oil in China--1/14/2021

2021-01-14 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 1121 10730 Y2105 7750 -2980 8650 -2080
 
SBO, Argentina Feb 1099 8570 Y2105 7750 -820 8650 80
Mar 1048 8220 Y2105 7750 -470 8650 430
Apr 1016 7970 Y2105 7750 -220 8650 680
May/Jun/Jul 1009 7810 Y2109 7320 -490 8650 840
 
SBO, Brazil Feb 1124 8770 Y2105 7750 -1020 8650 -120
Mar 1057 8290 Y2105 7750 -540 8650 360
Apr/May 1018 7990 Y2105 7750 -240 8650 660
Jun/Jul 1013 7840 Y2105 7320 -520 8650 810