Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Market Reports

March 5, 2019
 
China Fishmeal Weekly: Traders stand firm in view of stronger demands (week ended Mar 1, 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
Feb 22

Price as of
Mar 1

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$0.1492 (Mar 5)

 
 
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 141,375 tonnes, which was 26% of the 540,000 tonnes quota.
 
Fishing in the southern seas was halted since February 10.
 
 
Market analysis
 
Port inventories of fishmeal expanded to 171,300 tonnes while demand stayed flat. Nonetheless, traders were reluctant to cut prices with import costs high. Additionally, with the climates turning warm, aqua feed production is expected to expand in the coming weeks.
 
Price quotes for Peruvian prime-grade products remained in the range of RMB10,600-10,800/tonne.
 
 
Market forecast
 
Aqua farming will gain momentum towards mid-March, hence boosting the production of aqua feed. With fishmeal demand growing, traders will be in a better position to hold prices firm. However, cautious mood of feed producers, resulting from bleak outlook of China's economy, will limit the upward scope of the market.
 

 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read