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February 12, 2018

China Fishmeal Weekly: Prices remain stable (week ended Feb 9, 2017)
                             
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
Feb 2

Price as of
Feb 9

Price change

Port

Dalian

Peru

FAQ/65%/new

12,700

12,700

0

 

Tianjin

Peru

FAQ/67%/new

12,900

12,900

0

 

Shanghai

Peru

FAQ/65%/new

12,700

12,700

0

 

Huangpu

Peru

FAQ/65%/new

12,700

12,700

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

13,500

13,500

0

 

Wuhan

Peru

FAQ/65%/new

12,700

12,700

0

 

Shenyang

Peru

FAQ/65%/new

12,700

12,700

0

 

Chengdu

Peru

FAQ/65%/new

12,700

12,700

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1587 (Feb 12)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal strengthened to US$2,100/tonne with presales at 180,000 tonnes.
 
Peru's fish catch in the southern seas totalled 31,000 tonnes as of February 5, fulfilling less than 6% of the.535,000 tonnes quota.
 
 
Market analysis
 
Trade was light in China's fishmeal market as both traders and feed producers prepared for the celebration of Chinese New Year. Prices remained stable despite port inventories of fishmeal climbing 5% to 83,000 tonnes.
 
Price quotes for Peruvian prime-grade products remained in the range of RMB13,800-14,000/tonne.
 

Market forecast
 
Sales of fishmeal will be limited in the remaining days before the long Chinese New Year holidays. Prices will remain around current levels.
 
After the festive break, fishmeal prices are likely to move lower amid mounting port inventories.
 

 

 


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