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Theoretical Margins of Importing Soybean Oil in China--4/23/2021

2021-04-23 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 1340 10700 Y2109 8710 -1990 9590 -1110
Jun 1292 10320 Y2109 8710 -1610 9590 -730
Jul 1290 10310 Y2109 8710 -1600 9590 -720
Aug/Sep 1225 9850 Y2109 8710 -1140 9590 -260
Oct/Nov/Dec 1174 9510 Y2201 8420 -1090 9590 80
 
SBO, Brazil May 1377 11000 Y2109 8710 -2290 9590 -1410
Jun 1294 10340 Y2109 8710 -1630 9590 -750
Jul 1290 10310 Y2109 8710 -1600 9590 -720
Aug/Sep 1222 9830 Y2109 8710 -1120 9590 -240
Oct/Nov/Dec 1176 9520 Y2201 8420 -1100 9590 70