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Theoretical Margins of Importing Soybean Oil in China--3/10/2021

2021-03-10 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 1345 13070 Y2105 9360 -3710 10310 -2760
 
SBO, Argentina Mar 1285 10110 Y2105 9360 -750 10310 200
Apr 1290 10210 Y2105 9360 -850 10310 100
May 1272 10070 Y2109 8320 -1750 10310 240
May/Jun/Jul 1234 9840 Y2109 8320 -1520 10310 470
Aug/Sep 1189 9480 Y2109 8320 -1160 10310 830
Oct/Nov/Dec 1157 9300 Y2201 8070 -1230 10310 1010
 
SBO, Brazil Apr 1292 10230 Y2105 9360 -870 10310 80
May 1274 10080 Y2109 8320 -1760 10310 230
Jun 1236 9850 Y2109 8320 -1530 10310 460
Jun/Jul 1231 9810 Y2109 8320 -1490 10310 500
Aug/Sep 1195 9530 Y2109 8320 -1210 10310 780
Oct/Nov/Dec 1162 9340 Y2201 8070 -1270 10310 970