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Theoretical Margins of Importing Soybean Oil in China--3/12/2021

2021-03-12 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 1379 13300 Y2105 9280 -4020 10240 -3060
 
SBO, Argentina Apr 1298 10200 Y2105 9280 -920 10240 40
May 1291 10150 Y2109 8430 -1720 10240 90
May/Jun/Jul 1241 9820 Y2109 8430 -1390 10240 420
Aug/Sep 1196 9470 Y2109 8430 -1040 10240 770
Oct/Nov/Dec 1154 9210 Y2201 8150 -1060 10240 1030
 
SBO, Brazil Apr 1309 10290 Y2105 9280 -1010 10240 -50
May 1291 10150 Y2109 8430 -1720 10240 90
Jun 1245 9850 Y2109 8430 -1420 10240 390
Jun/Jul 1243 9840 Y2109 8430 -1410 10240 400
Aug/Sep 1196 9470 Y2109 8430 -1040 10240 770
Oct/Nov/Dec 1167 9310 Y2201 8150 -1160 10240 930