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Theoretical Margins of Importing Soybean Oil in China--3/11/2021

2021-03-11 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 1344 13060 Y2105 9250 -3810 10200 -2860
 
SBO, Argentina Apr 1287 10150 Y2105 9250 -900 10200 50
May 1271 10030 Y2109 8350 -1750 10200 170
May/Jun/Jul 1228 9750 Y2109 8350 -1520 10200 450
Aug/Sep 1181 9380 Y2109 8350 -1160 10200 820
Oct/Nov/Dec 1147 9180 Y2201 8040 -1230 10200 1020
 
SBO, Brazil Apr 1285 10140 Y2105 9250 -890 10200 60
May 1269 10010 Y2109 8350 -1660 10200 190
Jun 1226 9740 Y2109 8350 -1390 10200 460
Jun/Jul 1226 9740 Y2109 8350 -1390 10200 460
Aug/Sep 1181 9380 Y2109 8350 -1030 10200 820
Oct/Nov/Dec 1147 9180 Y2201 8040 -1140 10200 1020