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Theoretical Margins of Importing Soybean Oil in China--3/29/2021

2021-03-29 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, US Gulf Apr/May 1343 13170 Y2105 8680 -4490 9380 -3790
 
SBO, Argentina Apr 1249 9930 Y2105 8680 -1250 9380 -550
May 1244 9890 Y2109 8000 -1890 9380 -510
May/Jun/Jul 1178 9430 Y2109 8000 -1430 9380 -50
Jun/Jul 1174 9400 Y2109 8000 -1400 9380 -20
Oct/Nov/Dec 1071 8640 Y2201 7770 -870 9380 740
 
SBO, Brazil May 1249 9930 Y2105 8680 -1250 9380 -550
Jun 1176 9420 Y2109 8000 -1420 9380 -50
Jul 1172 9380 Y2109 8000 -1380 9380 -20
Aug/Sep 1112 8910 Y2109 8000 -910 9380 470
Oct/Nov/Dec 1078 8690 Y2201 7770 -920 9380 690