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Theoretical Margins of Importing Soybean Oil in China--3/5/2021

2021-03-05 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 1269 12250 Y2105 8980 -3270 9965 -2285
 
SBO, Argentina 15-Mar/15-Apr 1210 9520 Y2105 8980 -540 9965 445
Apr 1201 9450 Y2105 8980 -470 9965 515
May/Jun/Jul 1141 9040 Y2109 8070 -970 9965 925
Aug/Sep 1106 8760 Y2109 8070 -690 9965 1205
Oct/Nov/Dec 1085 8660 Y2201 7730 -930 9965 1305
 
SBO, Brazil Mar 1203 9400 Y2105 8980 -420 9965 565
Apr 1192 9380 Y2105 8980 -400 9965 585
May 1172 9220 Y2109 8070 -1150 9965 745
Jun/Jul 1146 9080 Y2109 8070 -1010 9965 885
Aug/Sep 1127 8930 Y2109 8070 -860 9965 1035
Oct/Nov/Dec 1096 8750 Y2201 7730 -1020 9965 1215