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Theoretical Margins of Importing Soybean Oil in China--3/9/2021

2021-03-09 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 1321 12870 Y2105 9350 -3520 10310 -2560
 
SBO, Argentina Mar 1266 9990 Y2105 9350 -640 10310 320
Apr 1261 10010 Y2105 9350 -660 10310 300
May 1220 9690 Y2109 8250 -1440 10310 620
May/Jun/Jul 1195 9550 Y2109 8250 -1300 10310 760
Aug/Sep 1167 9330 Y2109 8250 -1080 10310 980
Oct/Nov/Dec 1133 9130 Y2201 7950 -1180 10310 1180
 
SBO, Brazil Mar 1262 9960 Y2105 9350 -610 10310 350
Apr 1259 10000 Y2105 9350 -650 10310 310
May 1222 9710 Y2109 8250 -1460 10310 600
Jun/Jul 1199 9580 Y2109 8250 -1330 10310 730
Aug/Sep 1171 9360 Y2109 8250 -1110 10310 950
Oct/Nov/Dec 1137 9160 Y2201 7950 -1210 10310 1150