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Theoretical Margins of Importing Soybean Oil in China--3/17/2021

2021-03-17 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 20-Mar/20-Apr 1315 10390 Y2105 9280 -1110 10170 -220
Apr 1307 10330 Y2105 9280 -1050 10170 -160
May 1291 10200 Y2109 8480 -1720 10170 -30
May/Jun/Jul 1244 9890 Y2109 8480 -1410 10170 280
Jun/Jul 1235 9820 Y2109 8480 -1340 10170 350
Aug/Sep 1193 9490 Y2109 8480 -1010 10170 680
Oct/Nov/Dec 1161 9310 Y2201 8180 -1130 10170 860
 
SBO, Brazil Apr 1313 10370 Y2105 9280 -1090 10170 -200
May 1295 10230 Y2109 8480 -1750 10170 -60
Jun 1248 9920 Y2109 8480 -1440 10170 250
Jun/Jul 1246 9850 Y2109 8480 -1370 10170 320
Jul 1253 9960 Y2109 8480 -1480 10170 210
Aug/Sep 1202 9560 Y2109 8480 -1080 10170 610
Oct/Nov/Dec 1173 9400 Y2201 8180 -1220 10170 770