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Theoretical Margins of Importing Soybean Oil in China--3/18/2021

2021-03-18 www.mnk-9.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 Apr 1298 10230 Y2105 9080 -1150 9960 -270
May 1280 10090 Y2109 8290 -800 9960 -130
May/Jun/Jul 1233 9780 Y2109 8290 -1490 9960 180
Jun/Jul 1230 9760 Y2109 8290 -1470 9960 200
Aug/Sep 1178 9350 Y2109 8290 -1060 9960 610
Oct/Nov/Dec 1143 9140 Y2201 7990 -1150 9960 820
 
SBO, Brazil Apr 1309 10320 Y2105 9080 -1240 9960 -360
May 1291 10180 Y2109 8290 -1890 9960 -220
Jun 1242 9850 Y2109 8290 -1560 9960 110
Jun/Jul 1237 9750 Y2109 8290 -1460 9960 210
Jul 1237 9750 Y2109 8290 -1460 9960 210
Aug/Sep 1187 9420 Y2109 8290 -1130 9960 540
Oct/Nov/Dec 1150 9200 Y2201 7990 -1210 9960 760