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Theoretical Margins of Importing Soybean Oil in China--2/26/2021

2021-02-26 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 1246 11980 Y2105 8660 -3320 9640 -2340
 
SBO, Argentina Mar 1189 9290 Y2105 8660 -630 9640 350
Apr 1145 9010 Y2105 8660 -350 9640 630
May/Jun/Jul 1112 8800 Y2109 7850 -950 9640 840
Aug/Sep 1068 8460 Y2109 7850 -610 9640 1180
Oct/Mov/Dec 1047 8360 Y2201 7610 -75 9640 1280
 
SBO, Brazil Mar 1187 9270 Y2105 8660 -610 9640 390
Apr 1163 9140 Y2105 8660 -480 9640 500
May 1136 8940 Y2109 7850 -1090 9640 700
Jun/Jul 1116 8840 Y2109 7850 -990 9640 800
Aug/Sep 1073 8500 Y2109 7850 -650 9640 1140