Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
MARKET

May 14, 2018
 
China Fishmeal Weekly: Prices dip 17% since March (week ended May 11, 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
May 4

Price as of
May 11

Price change

Port

Dalian

Peru

FAQ/65%/new

11,000

10,800

-200

 

Tianjin

Peru

FAQ/67%/new

11,100

10,800

-300

 

Shanghai

Peru

FAQ/65%/new

10,800

10,600

-200

 

Huangpu

Peru

FAQ/65%/new

10,800

10,600

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

11,700

0

0

 

Wuhan

Peru

FAQ/65%/new

10,800

0

0

 

Shenyang

Peru

FAQ/65%/new

11,000

0

0

 

Chengdu

Peru

FAQ/65%/new

10,800

0

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1578 (May 14)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal slid to US$1,580-1,600/tonne.
 
Peru's fish catch in the southern seas as of May 8 were at 1.01 million tonnes, which was about 19% of the 5.35 million tonnes quota.
 
Totalling 1.55 million tonnes as of May 1, fish catch in the northern and central seas achieved 47% of the 3.32 million tonnes quota.
 
 
Market analysis
 
Fishmeal prices softened as traders eagerly cut prices while port inventories climbed to 128,000 tonnes. However, sales were limited as feed producers withheld purchases in view of ample availability.
 
Price quotes for Peruvian prime-grade products softened to the range of RMB12,000-12,300/tonne.
 
 
Market forecast
 
Fishmeal prices should stabilise gradually as prices have dropped 17% since March. Moreover, expanding aqua feed demand will lend support to the market even though it may not be strong enough to lift prices prominently.
 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read