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Theoretical Margins of Importing Soybean Oil in China--3/4/2021

2021-03-04 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 1249 12040 Y2105 8970 -3070 9960 -2080
 
SBO, Argentina 20-Mar/20-Apr 1172 9160 Y2105 8970 -190 9960 800
Apr 1162 9140 Y2105 8970 -170 9960 820
May 1143 8990 Y2109 8090 -900 9960 970
May/Jun/Jul 1115 8830 Y2109 8090 -740 9960 1130
Aug/Sep 1090 8630 Y2109 8090 -540 9960 1330
Oct/Nov/Dec 1060 8460 Y2201 7730 -730 9960 1500
 
SBO, Brazil Mar 1183 9240 Y2105 8970 -270 9960 720
Apr 1170 9200 Y2105 8970 -230 9960 760
May 1150 9050 Y2109 8090 -960 9960 910
Jun/Jul 1122 8880 Y2109 8090 -790 9960 1080
Aug/Sep 1099 8700 Y2109 8090 -610 9960 1260
Oct/Nov/Dec 1071 8550 Y2201 7730 -820 9960 1410