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Theoretical Margins of Importing Soybean Oil in China--4/20/2021

2021-04-20 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 1275 10190 Y2109 8360 -1830 9370 -820
Jun 1227 9810 Y2109 8360 -1450 9370 -440
Jul 1227 9810 Y2109 8360 -1450 9370 -440
Aug/Sep 1146 9230 Y2109 8360 -870 9370 140
Oct/Nov/Dec 1118 9060 Y2201 8090 -970 9370 310
 
SBO, Brazil May 1290 10300 Y2109 8360 -1940 9370 -930
Jun 1229 9830 Y2109 8360 -1470 9370 -460
Jul 1231 9840 Y2109 8360 -1480 9370 -470
Aug/Sep 1153 9280 Y2109 8360 -920 9370 90
Oct/Nov/Dec 1123 9100 Y2201 8090 -1010 9370 270