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Livestock & Feed Market

March 17, 2020
 
China Fishmeal Weekly: Mounting inventory holds down prices (week ended Mar 13, 2020)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to higher.
 

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 6

Price as of
Mar 13

Price change

Port

Dalian

Peru

FAQ/65%/new

11,800

11,800

0

Tianjin

Peru

FAQ/67%/new

11,800

11,800

200

Shanghai

Peru

FAQ/65%/new

11,800

11,800

0

Huangpu

Peru

FAQ/65%/new

11,800

11,800

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$0.1428 (Mar 17)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal stayed flat at US$1,800/tonne due to slow trade.
 
 
Market analysis
 
Port inventories of fishmeal climbed further to 150,500 tonnes, rising 2% compared with the previous week. Although the demand for aqua feed is set to increase with aquaculture population expanding, feed producers were reluctant to build fishmeal inventories while the outlook of China's economy was bleak.
 
Price quotes for Peruvian prime-grade products continued remained at RMB12,800-13,000/tonne.
 
 
Market forecast
 
Growing aqua feed consumption will lend support to fishmeal market. However, with port inventories staying high, fishmeal prices are less likely to rise prominently even though traders are eager lift prices.
 

 
 


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