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Theoretical Margins of Importing Soybean Oil in China--3/25/2021

2021-03-25 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 1330 10540 Y2105 9230 -1310 9950 -590
May 1317 10440 Y2109 8500 -1940 9950 -490
May/Jun/Jul 1242 9920 Y2109 8500 -1420 9950 30
Jun/Jul 1240 9900 Y2109 8500 -1400 9950 50
Aug/Sep 1168 9330 Y2109 8500 -830 9950 620
Oct/Nov/Dec 1129 9080 Y2201 8200 -880 9950 870
 
SBO, Brazil May 1317 10440 Y2109 8500 -1940 9950 -490
Jun 1251 9990 Y2109 8500 -1490 9950 -40
Jul 1247 9950 Y2109 8500 -1450 9950 0
Aug/Sep 1174 9380 Y2109 8500 -880 9950 570
Oct/Nov/Dec 1137 9140 Y2201 8200 -940 9950 810