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Theoretical Margins of Importing Soybean Oil in China--1/28/2021

2021-01-28 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 1126 10900 Y2105 7810 -3090 8670 -2230
 
SBO, Argentina Feb 1051 8250 Y2105 7810 -440 8670 420
Mar 1040 8160 Y2105 7810 -350 8670 510
Apr 1009 7970 Y2105 7810 -160 8670 700
May/Jun/Jul 988 7840 Y2109 7270 -570 8670 830
 
SBO, Brazil Mar 1058 8300 Y2105 7810 -490 8670 370
Apr/May 1022 8070 Y2105 7810 -260 8670 600
Jun/Jul 999 7930 Y2109 7270 -660 8500 570