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April 7, 2017
 
China Fishmeal Weekly: Prices stable amid expanding port inventory (week ended Apr 6, 2017)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained 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 30

Price as of
Apr 6

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

10,100

10,100

0

 

Huangpu

Peru

FAQ/65%/new

10,100

10,100

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,600

10,600

0

 

Wuhan

Peru

FAQ/65%/new

10,700

10,700

0

 

Shenyang

Peru

FAQ/65%/new

10,200

10,200

0

 

Chengdu

Peru

FAQ/65%/new

10,800

10,800

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1449 (Apr 7)

 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal were unchanged at US$1,530/tonne as producers stood firm.
 
As of April 2, Peru's fish catch in the southern seas was 113,000 tonnes, which was 22% of the quota.
              
                               
Market analysis
 
Demand for fishmeal increased at a slow pace as aqua feed producers stayed prudent. With imports stable, port inventories of fishmeal expanded to 134,000 tonnes. Traders who attempted to clear stocks held down prices of fishmeal.
 
Price quotes for prime-grade products were stable in the range of RMB11,400-11,600/tonne.
 
 
Market forecast
 
Peruvian fishmeal producers will hold up prices with the fish catch falling below expectations. With import costs high and aquaculture production gaining momentum, fishmeal prices are expected to strengthen gradually in China.
 
 
 


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