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Market Reports

March 26, 2019
 
China Fishmeal Weekly:  Port inventories expand further amid subdued demand (week ended Mar 22, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained 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
Mar 15

Price as of
Mar 22

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

9,600

9,600

0

 

Huangpu

Peru

FAQ/65%/new

9,600

9,600

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$0.1490 (Mar 26)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal were at US$1,550/tonne.
 
 
Market analysis
 
Sales of fishmeal were poorer than expected as aqua feed producers, who were cautious of the outlook of the aquaculture market, limited output. Port inventory of fishmeal climbed another 3.3% to 190,000 tonnes. Nevertheless, fishmeal traders stood firm in anticipation of growing demand in the coming weeks.
 
 
Market forecast
 
The upcoming weeks will be crucial to the demand for fishmeal during Q2. Should aqua farms limit production due to low confidence in the market, sales of aqua feed and hence fishmeal will be limited, exerting pressure on the market.
 

 

 


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