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Theoretical Margins of Importing Soybean Oil in China--3/15/2021

2021-03-15 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 1396 13510 Y2105 9400 -4110 10340 -3170
 
SBO, Argentina Apr 1317 10380 Y2105 9400 -980 10340 -40
May 1308 10310 Y2109 8520 -1790 10340 30
May/Jun/Jul 1256 9970 Y2109 8520 -1450 10340 370
Aug/Sep 1210 9610 Y2109 8520 -1090 10340 730
Oct/Nov/Dec 1171 9370 Y2201 8220 -1150 10340 970
 
SBO, Brazil Apr 1321 10410 Y2105 9400 -1010 10340 -70
May 1303 10270 Y2109 8520 -1750 10340 70
Jun/Jul 1258 9990 Y2109 8520 -1470 10340 350
Aug/Sep 1213 9630 Y2109 8520 -1110 10340 710
Oct/Nov/Dec 1182 9460 Y2201 8220 -1240 10340 880