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March 24, 2017
 
China Fishmeal Weekly: Early aquaculture season drives up fishmeal demand (week ended Mar 23, 2017)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices were 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 16

Price as of
Mar 23

Price change

Port

Dalian

Peru

FAQ/65%/new

10,000

10,100

100

 

Tianjin

Peru

FAQ/67%/new

10,000

10,100

100

 

Shanghai

Peru

FAQ/65%/new

10,000

10,000

0

 

Huangpu

Peru

FAQ/65%/new

10,000

10,000

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,500

10,500

0

 

Wuhan

Peru

FAQ/65%/new

10,600

10,600

0

 

Shenyang

Peru

FAQ/65%/new

10,200

10,200

0

 

Chengdu

Peru

FAQ/65%/new

10,700

10,700

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1451 (Mar 24)

 

Global markets
 
FOB prices of Peruvian prime-grade fishmeal were unchanged at US$1,530/tonne.
 
Pre-sales of fishmeal totalled more than 210,000 tonnes.
                      
                       
Market analysis
 
As the weather temperatures continued to rise, aquaculture gained momentum in China. Sales of fishmeal picked up, helping to hold prices firm. In some regions, traders who have cleared excess stocks lifted prices amid stable demand.
 
Meanwhile port inventories of fishmeal were around 113,000 tonnes.
 
Price quotes for prime-grade products were stable to higher in the range of RMB11,300-11,600/tonne.
 
 
Market forecast
 
China's aquaculture season has begun early this year due to warmer climates. With aqua feed production set to expand at a faster pace in the coming period, robust demand for fishmeal will push prices higher.
 
 

 


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