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China

January 21, 2019
 
China Fishmeal Weekly: Pre-festive buying lends support to market (week ended Jan 18, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were 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 11

Price as of
Jan 18

Price change

Port

Dalian

Peru

FAQ/65%/new

9,800

9,800

0

 

Tianjin

Peru

FAQ/67%/new

9,800

9,800

0

 

Shanghai

Peru

FAQ/65%/new

9,800

9,800

0

 

Huangpu

Peru

FAQ/65%/new

9,800

9,800

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$0.1473 (Jan 21)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal stayed at US$1,530/tonne amid improved sales.
 
Peru's fish catch in the northern and central seas as of January 13 totalled 2.09 million tonnes, which was about 99.5% of the 2.1 million tonnes quota.
 
 
Market analysis
 
Prices of Peruvian fishmeal stabilised lately while demand strengthened. This, coupled with sales warming up as feed millers prepared for the long holidays during Chinese New Year, prompted Chinese traders to stand firm.
 
Meanwhile, port inventories of fishmeal shrank to 180,200 tonnes amid stronger sales.
 
Price quotes for Peruvian prime-grade products remained in the range of RMB10,600-10,800/tonne.
 
 
Market forecast
 
Fishmeal market is poised to remain stable with the support of pre-festive stockpiling. However, with more shipments of Peruvian fishmeal imports reaching China in January, the upward scope of the market will be limited.
 

 

 


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