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Executive Talk

January 28, 2019
 
China Fishmeal Weekly: Prices stay stable despite higher import costs (week ended Jan 25, 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 18

Price as of
Jan 25

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$0.1484 (Jan 28)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal strengthened US$1,550/tonne due to strong sales.
 
Peru's fish catch in the northern and central seas as of January 25 totalled 2.09 million tonnes, which was about 99.5% of the 2.1 million tonnes quota.
 
 
Market analysis
 
Cautious demand for fishmeal in China put a lid on prices even as the costs of Peruvian products moved higher. With the hog disease situation, slow piglet feed sales decimated the demand for fishmeal.
 
Price quotes for Peruvian prime-grade products were unchanged in the range of RMB10,600-10,800/tonne.
 
 
Market forecast
 
Sales will be limited in the coming week as feed producers halt operation for the Chinese New Year holidays. Prices of fishmeal will remain flat amid light trade.
 

 
 


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