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Theoretical Margins of Importing Soybean Oil in China--3/30/2021

2021-03-30 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 1354 13270 Y2105 8540 -4730 9240 -4030
 
SBO, Argentina Apr 1261 10080 Y2105 8540 -1540 9240 -840
May 1248 9990 Y2109 7880 -2110 9240 -750
May/Jun/Jul 1195 9620 Y2109 7880 -1740 9240 -380
Jun/Jul 1188 9560 Y2109 7880 -1680 9240 -320
 
SBO, Brazil Apr 1261 10080 Y2105 8540 -1540 9240 -840
May 1250 9990 Y2109 7880 -2110 9240 -750
Jun 1195 9620 Y2109 7880 -1740 9240 -380
Jul 1188 9560 Y2109 7880 -1680 9240 -320
Aug/Sep 1129 9090 Y2109 7880 -1210 9240 150
Oct/Nov/Dec 1087 8810 Y2201 7690 -1120 9240 430