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Events

April 8, 2019

China Fishmeal Weekly: Demand slows amid prudent buying (week ended Apr 5, 2019)

An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed 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 29

Price as of
Apr 5

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

9,800

9,800

0

 

Huangpu

Peru

FAQ/65%/new

9,800

9,800

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$0.1488 (Apr 7)


Attention: The publication of Weekly Reports will terminate starting April 15, 2019. Contents of the report will be available on SpoutINFO website (https://spoutinfo.com).
 

Global markets

CNF prices of Peruvian prime-grade fishmeal strengthened to US$1,640/tonne.

Pre-sales volume of fishmeal in Peru was 90,000-100,000 tonnes, mostly purchased by Chinese traders.
 

Market analysis
 
Sales of fishmeal slowed after aqua feed producers have stocked some supplies. With the economic outlook of China uncertain, market participants, who were extremely cautious, limited buying to be on the safe side.

Meanwhile, as demand waned, port inventories of fishmeal increased to 190,000 tonnes, which was almost double the quantity during the same period last year.
 

Market forecast

High port inventories of fishmeal will exert pressure on prices in the near term as traders attempt to trim inventories. However, with aqua feed output expanding, fishmeal prices are less likely to drop drastically.
 

 

 


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