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Theoretical Margins of Importing Soybean Oil in China--1/25/2021

2021-01-25 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 Mar/Apr 1089 10520 Y2105 7590 -2930 8480 -2040
 
SBO, Argentina Feb 1033 8090 Y2105 7590 -500 8480 390
Mar 1006 7880 Y2105 7590 -290 8480 600
Apr 977 7700 Y2105 7590 -110 8480 780
May/Jun/Jul 960 7620 Y2109 7070 -550 8480 860
 
SBO, Brazil Feb 1055 8260 Y2105 7590 -670 8480 220
Mar 1028 8050 Y2105 7590 -460 8480 430
Apr/May 981 7730 Y2105 7590 -140 8480 750
Jun/Jul 962 7640 Y2109 7070 -570 8480 840