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April 14, 2017
 
China Fishmeal Weekly: Slow shrimp production curtails China fishmeal demand (week ended Apr 13, 2017)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
 

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

10,000

-100

 

Tianjin

Peru

FAQ/67%/new

10,100

10,001

-99

 

Shanghai

Peru

FAQ/65%/new

10,100

10,002

-98

 

Huangpu

Peru

FAQ/65%/new

10,100

10,003

-97

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,600

10,500

-100

 

Wuhan

Peru

FAQ/65%/new

10,700

10,600

-100

 

Shenyang

Peru

FAQ/65%/new

10,200

10,100

-100

 

Chengdu

Peru

FAQ/65%/new

10,800

10,700

-100

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1453 (Apr 14)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal slid to the range of US1,510-$1,530/tonne as producers stood firm.
        
                                     
Market analysis
 
Stormy climates in the south curtailed the demand for shrimp feed, prompting aqua feed producers to withhold fishmeal purchases. Hence, traders lowered prices of fishmeal while port inventories increased over the week.
 
 
Market forecast
 
Prudent mood of aqua feed producers will limit the sales of fishmeal in the near term. However, in the longer term, prices are seen stable to higher as aqua feed production is expected to rise steadily.
 
 
 


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