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Events

April 2, 2019
 
China Fishmeal Weekly: Market strengthens as demand picks up (week ended Mar 29, 2019)

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 22

Price as of
Mar 29

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

9,800

200

 

Huangpu

Peru

FAQ/65%/new

9,600

9,800

200

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$0.1488 (Apr 2)

 

Global markets
 
CNF prices of Peruvian prime-grade fishmeal increased US$50 to US$1,600/tonne. Producers were not keen to take pre-sales orders amid concerns that the harvest for the upcoming season might be low.
 
 
Market analysis

Aqua feed producers increased stockpiles in preparation for the upcoming expansion in feed demand. Prices firmed up in some regions while port inventory of fishmeal dropped to 188,000 tonnes, lower by 1% compared with the previous week.
 
 
Market forecast
 
Production of aqua feed will gain momentum with the weather temperature rising. This, in conjunction with climbing import costs, will lend support to fishmeal market,
 
 

 

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