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March 31, 2017
 
China Fishmeal Weekly: Shipment delay, steady demand lift China fishmeal prices (week ended Mar 30, 2017)
                                  
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 23

Price as of
Mar 30

Price change

Port

Dalian

Peru

FAQ/65%/new

10,100

10,100

0

 

Tianjin

Peru

FAQ/67%/new

10,100

10,100

0

 

Shanghai

Peru

FAQ/65%/new

10,000

10,100

100

 

Huangpu

Peru

FAQ/65%/new

10,000

10,100

100

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,500

10,600

100

 

Wuhan

Peru

FAQ/65%/new

10,600

10,700

100

 

Shenyang

Peru

FAQ/65%/new

10,200

10,200

0

 

Chengdu

Peru

FAQ/65%/new

10,700

10,800

100

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1449 (Mar 31)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal remained stable at US$1,530/tonne.
 
Pre-sales of fishmeal increased steadily to 250,000 tonnes.
 
Meanwhile, stormy climates in Peru delayed export shipments of fishmeal lately.
             
                              
Market analysis
 
Demand for fishmeal was stable in China as the feed industry stepped up production of aqua feed in preparation for the expansion of aqua farming in the coming months. As shipments of Peruvian fishmeal were delayed, traders lifted prices while inventories decreased.
 
Price quotes for prime-grade products were firm in the range of RMB11,400-11,600/tonne.
 
 
Market forecast
 
Fishmeal market will stay firm as the production of aqua feed continues to rise. Unless shipments are further disrupted, fishmeal price hikes will be gradual as feed producers are more cautious than usual due to China's uncertain economic outlook.
 

 

 


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