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China

January 2, 2018

China Fishmeal Weekly: Soaring import costs underpin prices (week ended Dec 29, 2017)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed flat.
 

Weekly transacted prices of imported fishmeal at major Chinese ports (RMB/tonne)

Price type

Port/Inland city

Origin

Grade/
Protein content/
stock type

Price as of
Dec 22

Price as of
Dce 29

Price change

Port

Dalian

Peru

FAQ/65%/new

12,700

12,700

0

 

Tianjin

Peru

FAQ/67%/new

12,900

12,900

0

 

Shanghai

Peru

FAQ/65%/new

12,700

12,700

0

 

Huangpu

Peru

FAQ/65%/new

12,500

12,500

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

13,500

13,500

0

 

Wuhan

Peru

FAQ/65%/new

12,700

12,700

0

 

Shenyang

Peru

FAQ/65%/new

12,700

12,700

0

 

Chengdu

Peru

FAQ/65%/new

12,700

12,700

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1533 (Jan 2)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal surged US$100/tonne to US$2,000/tonne as most producers halted price releases.
 

Market analysis
 
Port inventories of fishmeal continued to dwindle, falling over 8% to 89,000 tonnes. Nonetheless, even as supplies of fishmeal diminished, prices lacked the momentum to move higher while demand was slow due to negligible aqua feed production.
 
Price quotes for prime-grade products remained unchanged in the range of RMB13,500-14,000/tonne.
 

Market forecast
 
Fishing in the Peruvian seas is expected to commence during early January after studies ended. Should the fishing quota fall below expectations, soaring Peruvian fishmeal prices are likely strengthen China's fishmeal market, whose supplies are tightening.
 

 

 

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