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Theoretical Margins of Importing Soybean Oil in China--3/31/2021

2021-03-31 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 1299 12740 Y2105 8540 -4200 8970 -3770
 
SBO, Argentina Apr 1217 9720 Y2105 8540 -1540 8970 -750
May 1202 9610 Y2109 7880 -1730 8970 -640
Jun/Jul 1135 9140 Y2109 7880 -1260 8970 -170
Aug/Sep 1072 8630 Y2109 7880 -750 8970 340
 
SBO, Brazil May 1211 9680 Y2109 7880 -1800 8970 -750
Jun 1141 9190 Y2109 7880 -1310 8970 -170
Jul 1137 9150 Y2109 7880 -1270 8970 340
Aug/Sep 1079 8690 Y2109 7880 -810 8970 280
Oct/Nov/Dec 1052 8530 Y2201 7690 -840 8970 440