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Theoretical Margins of Importing Soybean Oil in China--1/19/2021

2021-01-19 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, Argentina Feb 1087 8510 Y2105 7690 -820 8590 80
Mar 1034 8100 Y2105 7690 -410 8590 490
May/Jun/Jul 983 7780 Y2109 7250 -530 8590 810
Oct/Nov/Dec 975 7770 Y2201 7170 -600 8590 820
 
SBO, Brazil Feb 1105 8650 Y2105 7690 -960 8590 -60
Mar 1050 8220 Y2105 7690 -530 8590 370
Apr/May 1011 7960 Y2105 7690 -270 8590 630
Jun/Jul 994 7870 Y2109 7250 -620 8590 720