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Theoretical Margins of Importing Soybean Oil in China--1/15/2021

2021-01-15 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 1141 10920 Y2105 7670 -3250 8590 -2330
 
SBO, Argentina Feb 1113 8680 Y2105 7670 -1010 8590 -90
Mar 1066 8360 Y2105 7670 -690 8590 230
Apr 1028 8060 Y2105 7670 -390 8590 530
May/Jun/Jul 1019 7890 Y2109 7240 -650 8590 700
 
SBO, Brazil Feb 1146 8940 Y2105 7670 -1270 8590 -350
Mar 1080 8470 Y2105 7670 -800 8590 120
Apr/May 1037 8130 Y2105 7670 -460 8590 460
Jun/Jul 1019 7890 Y2105 7240 -650 8590 700