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Theoretical Margins of Importing Soybean Oil in China--1/29/2021

2021-01-29 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 1128 10920 Y2105 7850 -3070 8700 -2220
 
SBO, Argentina Feb 1092 8540 Y2105 7850 -690 8700 160
Mar 1076 8410 Y2105 7850 -560 8700 290
Apr 1022 8040 Y2105 7850 -190 8700 660
May/Jun/Jul 1000 7910 Y2109 7310 -600 8700 790
 
SBO, Brazil Mar 1081 8450 Y2105 7850 -600 8700 250
Apr/May 1040 8180 Y2105 7850 -330 8700 520
Jun/Jul 1015 8030 Y2109 7310 -720 8700 630