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January 27, 2017

 

China Fishmeal Weekly: Prices stay flat despite higher import costs (week ended Jan 26, 2017)

                                  
An eFeedLink Exclusive
 

 

Price summary
 

Prices remained 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 19

Price as of
Jan 26

Price change

Port

Dalian

Peru

FAQ/65%/new

10,300

10,300

0

 

Tianjin

Peru

FAQ/67%/new

10,300

10,300

0

 

Shanghai

Peru

FAQ/65%/new

10,300

10,300

0

 

Huangpu

Peru

FAQ/65%/new

10,300

10,300

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,800

10,800

0

 

Wuhan

Peru

FAQ/65%/new

10,900

10,900

0

 

Shenyang

Peru

FAQ/65%/new

10,500

10,500

0

 

Chengdu

Peru

FAQ/65%/new

11,000

11,000

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1454 (Jan 27)

 

 

Global markets

 

FOB prices of Peruvian prime-grade fishmeal increased US$20/tonne to US$1,550/tonne.

 

As of January 19, Peru's fish catch in the northern seas totalled 1.79 million tonnes, fulfilling 89% of the quota.

                                             

Market analysis
 

Port inventories of fishmeal were around 60,000 tonnes, lower than the same period a year ago. However, with the demand for fishmeal sluggish as most feed producers have halted operation in preparation for the Chinese New Year celebration, prices remained unchanged even as import costs increased lately.

 

Price quotes for prime-grade products remained in the range of RMB11,600-11,800/tonne.

 
 

Market forecast

 

China will be celebrating Chinese New Year in the coming week and the market will be closed.

 

After the festive holidays, fishmeal prices are likely to move lower as livestock feed demand will fall to annual lows. Even with import costs higher and supplies limited, fishmeal traders will have a hard time lifting prices.
 
 
 
 

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