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Theoretical Margins of Importing Soybean Oil in China--2/4/2021

2021-02-04 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 1123 10810 Y2105 7620 -3190 8530 -2280
 
SBO, Argentina Feb 1099 8570 Y2105 7620 -950 8530 -40
Mar 1094 8530 Y2105 7620 -910 8530 0
Apr 1026 8050 Y2105 7620 -430 8530 480
May/Jun/Jul 991 7820 Y2109 7060 -760 8530 710
Aug/Sep 964 7670 Y2109 7060 -610 8530 860
Oct/Nov/Dec 985 7830 Y2201 6960 -870 8530 700
 
SBO, Brazil Mar 1099 8570 Y2105 7620 -950 8530 -40
Apr/May 1039 8150 Y2105 7620 -530 8530 380
Aug/Sep 979 7780 Y2109 7060 -720 8530 750
Oct/Nov/Dec 976 7760 Y2201 6960 -800 8530 770