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Theoretical Margins of Importing Soybean Oil in China--3/1/2021

2021-03-01 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 1252 12070 Y2105 8860 -3210 9870 -2200
 
SBO, Argentina Mar 1191 9300 Y2105 8860 -440 9870 570
Apr 1151 9050 Y2105 8860 -190 9870 820
May 1126 8850 Y2109 8000 -850 9870 1020
Jun/Jul 1102 8710 Y2109 8000 -710 9870 1160
Aug/Sep 1068 8460 Y2109 8000 -460 9870 1410
Oct/Nov/Dec 1047 8340 Y2201 7720 -620 9870 1530
 
SBO, Brazil Mar 1188 9280 Y2105 8860 -420 9870 590
Apr 1156 9090 Y2105 8860 -230 9870 780
May 1146 9010 Y2109 8000 -1010 9870 860
Jun/Jul 1119 8850 Y2109 8000 -850 9870 1020
Aug/Sep 1077 8580 Y2109 8000 -580 9870 1290
Oct/Nov/Dec 1050 8370 Y2201 7720 -650 9870 1500