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Theoretical Margins of Importing Soybean Oil in China--3/22/2021

2021-03-22 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 1281 10130 Y2105 8940 -1190 9810 -320
May 1262 9990 Y2109 8180 -1810 9810 -180
May/Jun/Jul 1203 9590 Y2109 8180 -1410 9810 220
Aug/Sep 1133 9040 Y2109 8180 -860 9810 770
 
SBO, Brazil Apr 1286 10180 Y2105 8940 -1240 9810 -370
May 1264 10010 Y2109 8180 -1830 9810 -200
Jun 1209 9640 Y2109 8180 -1460 9810 170
Jul 1199 9560 Y2109 8180 -1380 9810 250
Aug/Sep 1143 9110 Y2109 8180 -930 9810 700
Oct/Nov/Dec 1111 8930 Y2201 7900 -1030 9810 880