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Theoretical Margins of Importing Soybean Oil in China--2/23/2021

2021-02-23 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 Apr 1192 11480 Y2105 8470 -3010 9400 -2080
 
SBO, Argentina Mar 1139 8880 Y2105 8470 -410 9400 520
Apr 1098 8620 Y2105 8470 -150 9400 780
May/Jun/Jul 1058 8370 Y2109 7750 -620 9400 1030
 
SBO, Brazil Mar 1150 8970 Y2105 8470 -500 9400 430
Apr 1100 8640 Y2105 8470 -170 9400 760
Jun/Jul 1071 8470 Y2109 7750 -720 9400 930