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Theoretical Margins of Importing Soybean Oil in China--3/26/2021

2021-03-26 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 1286 10230 Y2105 8730 (1500) 9470 (760)
May 1280 10180 Y2109 8110 (2070) 9470 (710)
May/Jun/Jul 1220 9770 Y2109 8110 (1660) 9470 (300)
Jun/Jul 1213 9720 Y2109 8110 (1610) 9470 (250)
Oct/Nov/Dec 1102 8900 Y2201 7880 (1020) 9470 570
 
SBO, Brazil Apr 1282 10200 Y2105 8730 (1470) 9470 (760)
May 1282 10200 Y2109 8110 (2090) 9470 (710)
Jun 1218 9760 Y2109 8110 (1650) 9470 (300)
Jul 1220 9770 Y2109 8110 (1660) 9470 (250)
Aug/Sep 1143 9160 Y2109 8110 (1050) 9470 570
Oct/Nov/Dec 1108 8940 Y2201 7880 (1060) 9470 530