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Theoretical Margins of Importing Soybean Oil in China--2/25/2021

2021-02-25 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 1254 12060 Y2105 8750 -3310 9710 -2350
 
SBO, Argentina Mar 1212 9440 Y2105 8750 -690 9710 100
Apr 1160 9100 Y2105 8750 -350 9710 610
May/Jun/Jul 1110 8760 Y2109 7940 -820 9710 950
 
SBO, Brazil Mar 1201 9350 Y2105 8750 -600 9710 170
Apr 1162 9110 Y2105 8750 -360 9710 600
May 1155 9050 Y2109 7940 -1110 9710 660
Jun/Jul 1130 8920 Y2109 7940 -980 9710 790