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Theoretical Margins of Importing Soybean Oil in China--1/20/2021

2021-01-20 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 1110 10640 Y2105 7540 -3100 8470 -2170
 
SBO, Argentina Feb 1062 8300 Y2105 7540 -760 8470 170
Mar 1009 7890 Y2105 7540 -350 8470 580
Apr 977 7680 Y2105 7540 -140 8470 790
May/Jun/Jul 963 7610 Y2109 7130 -480 8470 860
 
SBO, Brazil Feb 1071 8370 Y2105 7540 -830 8470 -60
Mar 1027 8030 Y2105 7540 -490 8470 370
Apr/May 989 7770 Y2105 7540 -230 8470 630
Jun/Jul 979 7740 Y2109 7130 -610 8470 720