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Theoretical Margins of Importing Soybean Oil in China--4/14/2021

2021-04-14 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 1252 10000 Y2105 8650 -1350 9220 -780
May 1243 9930 Y2109 8070 -1860 9220 -710
Jun 1193 9540 Y2109 8070 -1470 9220 -320
Jun/Jul 1188 9560 Y2109 8070 -1490 9220 -340
Aug/Sep 1137 9150 Y2109 8070 -1080 9220 70
 
SBO, Brazil May 1252 10000 Y2109 8070 -1930 9220 -780
Jun 1195 9550 Y2109 8070 -1480 9220 -330
Jun/Jul 1193 9600 Y2109 8070 -1530 9220 -380
Jul 1195 9550 Y2109 8070 -1480 9220 -330
Aug/Sep 1139 9170 Y2109 8070 -1100 9220 50
Oct/Nov/Dec 1112 9010 Y2201 7820 -1190 9220 210