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Theoretical Margins of Importing Soybean Oil in China--4/16/2021

2021-04-16 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 1363 13350 Y2105 8610 -4740 9220 -4130
 
SBO, Argentina May 1261 10080 Y2109 8250 -1830 9250 -830
Jun 1212 9690 Y2109 8250 -1440 9250 -440
Jun/Jul 1205 9630 Y2109 8250 -1380 9250 -380
Aug/Sep 1144 9210 Y2109 8250 -960 9250 40
Oct/Nov/Dec 1118 9060 Y2201 7970 -1090 9250 190
 
SBO, Brazil May 1276 10190 Y2109 8250 -1940 9250 -940
Jun 1216 9720 Y2109 8250 -1470 9250 -470
Jun/Jul 1212 9690 Y2109 8250 -1440 9250 -440
Jul 1214 9700 Y2109 8250 -1450 9250 -450
Aug/Sep 1151 9260 Y2109 8250 -1010 9250 -10
Oct/Nov/Dec 1118 9060 Y2201 7970 -1090 9250 190