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Theoretical Margins of Importing Soybean Oil in China--4/7/2021

2021-04-07 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 1375 13480 Y2105 8830 -4650 9430 -4050
 
SBO, Argentina May 1283 10250 Y2109 8240 -2010 9430 -820
Jun 1238 9960 Y2109 8240 -1720 9430 -530
Jun/Jul 1223 9840 Y2109 8240 -1600 9430 -410
Aug/Sep 1153 9280 Y2109 8240 -1040 9430 150
 
SBO, Brazil May 1304 10420 Y2109 8240 -2180 9430 -990
Jun 1234 9930 Y2109 8240 -1690 9430 -500
Jun/Jul 1227 9870 Y2109 8240 -1630 9430 -440
Jul 1223 9840 Y2109 8240 -1600 9430 -410
Aug/Sep 1162 9350 Y2109 8240 -1110 9430 80
Oct/Nov/Dec 1142 9250 Y2201 8020 -1230 9430 180