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Theoretical Margins of Importing Soybean Oil in China--3/16/2021

2021-03-16 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, Argentina Apr 1311 10340 Y2105 9320 -980 10250 -90
May/Jun/Jul 1248 9910 Y2109 8500 -1410 10250 340
Aug/Sep 1198 9520 Y2109 8500 -1020 10250 730
Oct/Nov/Dec 1166 9340 Y2201 8210 -1130 10250 910
 
SBO, Brazil Apr 1315 10370 Y2105 9320 -1050 10250 -120
May 1298 10240 Y2109 8500 -1740 10250 10
Jun/Jul 1251 9940 Y2109 8500 -1440 10250 310
Jul 1253 9950 Y2109 8500 -1450 10250 300
Aug/Sep 1206 9580 Y2109 8500 -1080 10250 670
Oct/Nov/Dec 1175 9410 Y2201 8210 -1200 10250 840