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Market Reports

January 7 2019
 
China Fishmeal Weekly: Peru fish catch concern strengthens prices (week ended Jan 3, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices increased further.
 

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 27

Price as of
Jan 3

Price change

Port

Dalian

Peru

FAQ/65%/new

10,100

10,400

300

 

Tianjin

Peru

FAQ/67%/new

10,100

10,400

300

 

Shanghai

Peru

FAQ/65%/new

10,100

10,400

300

 

Huangpu

Peru

FAQ/65%/new

10,100

10,400

300

Rail station

Zhengzhou

Peru

FAQ/65%/new

-

-

-

 

Wuhan

Peru

FAQ/65%/new

-

-

-

 

Shenyang

Peru

FAQ/65%/new

-

-

-

 

Chengdu

Peru

FAQ/65%/new

-

-

-

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1438 (Jan 7)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal rose further by US$100/tonne to US$1,700/tonne as most producers held back price releases while the fish catch was far below expectations.
 
Between November 6 and January 1, the fish catch in the northern-central seas totalled 986,638 tonnes, which was 35% of the 2.79 million tonnes quota.
 
 
Market analysis
 
Buyers stocked depleted fishmeal inventories prudently as prices of the product continued to soar amid rising import costs. With imports staying low, port inventories diminished 1.9% to 166,800 tonnes.
 
Price quotes for Peruvian prime-grade products strengthened to RMB11,300-11,500/tonne.
 
 
Market forecast
 
With the cost of Peruvian products climbing steadily amid concerns of low fish harvest, fishmeal prices are poised to remain firm in China. Nonetheless, cautious mood of feed millers will limit the upward scope of the market.
 

 
 

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