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Theoretical Margins of Importing Soybean Oil in China--2/3/2021

2021-02-03 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 1120 10780 Y2105 7540 -3240 8460 -2320
 
SBO, Argentina Feb 1117 8710 Y2105 7540 -1170 8460 -250
Mar 1106 8630 Y2105 7540 -1090 8460 -170
Apr 1031 8090 Y2105 7540 -550 8460 370
May/Jun/Jul 1000 7900 Y2109 7000 -900 8460 560
Oct/Nov/Dec 990 7870 Y2201 6910 -960 8460 590
 
SBO, Brazil Mar 1102 8600 Y2105 7540 -1060 8460 -140
Apr 1029 8080 Y2105 7540 -540 8460 380
Apr/May 1036 8130 Y2105 7540 -590 8460 330
Aug/Sep 991 7830 Y2109 7000 -830 8460 630