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Theoretical Margins of Importing Soybean Oil in China--4/19/2021

2021-04-19 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 1285 10260 Y2109 8230 -2030 9290 -970
Jun 1246 9950 Y2109 8230 -1720 9290 -660
Jul 1247 9960 Y2109 8230 -1730 9290 -670
 
SBO, Brazil May 1289 10300 Y2109 8230 -2070 9290 -1010
Jun 1250 9990 Y2109 8230 -1760 9290 -700
Jul 1248 9970 Y2109 8230 -1740 9290 -680
Aug/Sep 1168 9400 Y2109 8230 -1170 9290 -110
Oct/Nov/Dec 1131 9160 Y2201 7950 -1210 9290 130