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Theoretical Margins of Importing Soybean Oil in China--1/27/2021

2021-01-27 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 1113 10770 Y2105 7820 -2950 8670 -2100
 
SBO, Argentina Feb 1031 8060 Y2105 7820 -240 8670 610
Mar 1020 7970 Y2105 7820 -150 8670 700
Apr 992 7800 Y2105 7820 20 8670 870
May/Jun/Jul 970 7630 Y2109 7310 -320 8670 1040
 
SBO, Brazil Feb 1064 8310 Y2105 7820 -490 8670 460
Mar 1040 8130 Y2105 7820 -310 8670 540
Apr/May 1005 7900 Y2105 7820 -80 8670 770
Jun/Jul 984 7770 Y2109 7310 -460 8500 730