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Theoretical Margins of Importing Soybean Oil in China--4/15/2021

2021-04-15 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 May 1261 10080 Y2109 8100 -1980 9210 -870
Jun 1212 9690 Y2109 8100 -1590 9210 -480
Jun/Jul 1205 9630 Y2109 8100 -1530 9210 -420
Aug/Sep 1144 9210 Y2109 8100 -1110 9210 0
 
SBO, Brazil May 1276 10190 Y2109 8100 -2090 9210 -980
Jun 1216 9720 Y2109 8100 -1620 9210 -510
Jun/Jul 1212 9690 Y2109 8100 -1590 9210 -480
Jul 1214 9700 Y2109 8100 -1600 9210 -490
Aug/Sep 1151 9260 Y2109 8100 -1160 9210 -50
Oct/Nov/Dec 1118 9060 Y2201 7860 -1200 9210 150