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FEED & LIVESTOCK MARKET

February 13, 2020
 
China Fishmeal Weekly: prices stay stable (week ended Feb 7, 2020)
                             
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 24

Price as of
Feb 7

Price change

Port

Dalian

Peru

FAQ/65%/new

12,300

12,300

0

Tianjin

Peru

FAQ/67%/new

12,300

12,300

0

Shanghai

Peru

FAQ/65%/new

12,300

12,300

0

Huangpu

Peru

FAQ/65%/new

12,300

12,300

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$0.1432 (Feb 13)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal decreased US$50/tonne to US$1,750/tonne..
 
Peru's anchovy fishing, which commenced of November 6, 2019, ended suddenly on January 15. During this period, the fish catch in the northern-central seas totalled 1,004,033 tonnes, which was a mere 36% of the 2.79 million tonnes quota.
 

Market analysis
 
Trade was almost non-existent over the past couple of weeks as the Wuhan coronavirus epidemic brought the country to a standstill. Prices remained unchanged while port inventories stayed around 133,300 tonnes.
 
Price quotes for Peruvian prime-grade products were stable to lower at RMB13,200-13,500/tonne.
 

Market forecast
 
Fishmeal market is expected to stay firm as buyers are eager to stock inventories. However, difficulties in delivery arrangements will limit the actual deals closed.
 

 

 


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