Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Undefined

March 10, 2017
 
China Fishmeal Weekly: Traders stand firm despite flat demand (week ended Mar 9, 2017)
                                  
An eFeedLink Exclusive 

 
Price summary
 
Prices remained stable.
 

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
Mar 2

Price as of
Mar 9

Price change

Port

Dalian

Peru

FAQ/65%/new

10,200

10,200

0

 

Tianjin

Peru

FAQ/67%/new

10,200

10,200

0

 

Shanghai

Peru

FAQ/65%/new

10,200

10,200

0

 

Huangpu

Peru

FAQ/65%/new

10,200

10,200

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,700

10,700

0

 

Wuhan

Peru

FAQ/65%/new

10,800

10,800

0

 

Shenyang

Peru

FAQ/65%/new

10,400

10,400

0

 

Chengdu

Peru

FAQ/65%/new

10,900

10,900

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1447 (Mar 10)


Global markets
 
FOB prices of Peruvian prime-grade fishmeal were unchanged at US$1,530/tonne.
 
Pre-sales of fishmeal totalled 210,000 tonnes amid stable demand from China.
     
                                        
Market analysis
 
Fishmeal traders held prices unchanged while the costs of Peruvian products remained stable but renminbi depreciated lately. In view of strengthened demand towards late March due to the recovery of aquaculture farming under warmer climates, traders stood firm despite slow sales.
 
Price quotes for prime-grade products dipped to the range of RMB11,300-11,500/tonne.
 
 
Market forecast
 
Fishmeal traders will attempt to hold up prices of fishmeal to sustain profits. However, with port inventories mounting, some may negotiate prices in efforts to clear stocks.
 
 
 


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