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Theoretical Margins of Importing Soybean Oil in China--2/22/2021

2021-02-22 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 1185 11240 Y2105 8390 -2850 9320 -1920
 
SBO, Argentina Mar 1133 8830 Y2105 8390 -440 9320 490
Apr 1088 8540 Y2105 8390 -120 9320 780
 
SBO, Brazil Mar 1145 8920 Y2105 8390 -530 9320 400
Apr/May 1099 8620 Y2105 8390 -230 9320 700
Jun/Jul 1064 8400 Y2109 7670 -730 9320 920