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Market Reports

January 14, 2020
 
China Fishmeal Weekly: Market firm amid dwindling availability (week ended Jan 10, 2020)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed unchanged.
 

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
Jan 3

Price as of
Jan 10

Price change

Port

Dalian

Peru

FAQ/65%/new

10,400

10,400

0

Tianjin

Peru

FAQ/67%/new

10,400

10,400

0

Shanghai

Peru

FAQ/65%/new

10,400

10,400

0

Huangpu

Peru

FAQ/65%/new

10,400

10,400

0

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$0.1449 (Jan 14)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal remained firm at US$1,700/tonne. Pre-sales FOB prices for January/February deliveries were at US$1,680/tonne.
 
Between November 6 and January 6, the fish catch in the northern-central seas totalled 1 million tonnes, which was 36% of the 2.79 million tonnes quota.
 
 
Market analysis
 
Traders stood firm with the import costs staying high and supplies of fishmeal diminishing. Port inventories of fishmeal dropped 5.6% to 157,500 tonnes as buyers accumulated depleted stocks prior to the Chinese New Year holidays.
 
Price quotes for Peruvian prime-grade products climbed to RMB11,500-11,700/tonne.
 
 
Market forecast
 
Fishmeal prices are set to stay strong with port inventories dwindling and import costs high. Nonetheless, as feed producers gradually halt operation with the Chinese New Year approaching, demand is expected to slow hence putting a lid on the prices.
 

 

 


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