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Livestock & Feed Market

March 12, 2018

China Fishmeal Weekly: Traders stand firm despite mounting port stocks (week ended Mar 9, 2017)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed 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

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$0.1579 (Mar 12)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal were at US$1,750-1,780/tonne with presales volume around 100,000 tonnes.
 
In Peruvian southern seas, total fish catch were at 82,247 tonnes, fulfilling only 15% of the 535,000 tonnes quota
 
 
Market analysis
 
Demand for fishmeal was flat as feed producers were reluctant to increase stockpiles amid slow usages. Port inventories climbed to 87,500 tonnes over the week. However, most traders were reluctant to lower prices while supplies from Peru are expected to be tight due to the low fish catch.
 
Price quotes for Peruvian prime-grade products stable to softer in the range of RMB13,800-14,000/tonne.
 

Market forecast
 
Fishmeal traders will stay cautious and attempt to hold up prices as aqua feed production is set to expand gradually, lifting the sales of fishmeal in tandem. However, with buyers holding back purchases, fishmeal market will be under pressure.
 

 

 

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