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Executive Talk

February 25, 2019
 
China Fishmeal Weekly: Supply ample, prices flat (week ended Feb 22, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained 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
Feb 15

Price as of
Feb 22

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$0.1495 (Feb 25)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal stayed at US$1,550/tonne.
 
Peru's fish catch in the southern seas as of February 12 totalled 141,475 tonnes, which was 26% of the 540,000 tonnes quota.
 
Fishing in the southern seas was halted since February 10.
 
 
Market analysis
 
Sales were slow as livestock feed producers were reluctant to expand fishmeal inventories while the hog market remained weak. Meanwhile, port inventories totalled 170,000 tonnes as more shipments arrived.
 
Price quotes for Peruvian prime-grade products were in the range of RMB10,600-10,800/tonne.
 
 
Market forecast
 
Supplies of fishmeal are expected to be ample as Peru's January export to China doubled to 71,000 tonnes compared with that of December. Although demand for fishmeal from aquaculture sector in the southern parts is set to expand, the rise will be slow, lending limited support to the market.
 

 


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