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February 3, 2017

China Fishmeal Weekly: Market quiet, prices remain unchanged (week ended Feb 2, 2017)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed flat.
 

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 26

Price as of
Feb 2

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$0.1455 (Feb 3)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal rose another US$20/tonne to US$1,570/tonne.
 
As of January 24, Peru’s fish catch in the northern seas totalled 1.95 million tonnes, fulfilling 96% of the quota.
             
                                
Market analysis
 
Trade was negligible during the week in review as most buyers and traders were on holidays. Prices remained unchanged even though import costs continued to move higher.
 
Price quotes for prime-grade products were in the range of RMB11,600-11,800/tonne.
 
 
Market forecast
 
With piglet population low and aqua feed production insignificant, fishmeal demand is poised to stay soft. Prices are seen stable to lower although traders will attempt to stand firm with Peruvian fishmeal costs on the rise.
 

 

 


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