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MARKET

May 19, 2017
 
China Fishmeal Weekly: Prices dip further on slow demand, lower import costs (week ended May 18, 2017)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices were 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 11

Price as of
May 18

Price change

Port

Dalian

Peru

FAQ/65%/new

9,600

9,400

-200

 

Tianjin

Peru

FAQ/67%/new

9,600

9,400

-200

 

Shanghai

Peru

FAQ/65%/new

9,500

9,400

-100

 

Huangpu

Peru

FAQ/65%/new

9,500

9,400

-100

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,000

9,900

-100

 

Wuhan

Peru

FAQ/65%/new

10,100

9,900

-200

 

Shenyang

Peru

FAQ/65%/new

9,700

9,500

-200

 

Chengdu

Peru

FAQ/65%/new

10,200

10,000

-200

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1449 (May 19)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal were stable to lower at US1,400-1,420/tonne.
 
Peru's fish catch in the northern seas as of May 14 totalled 996,000 tonnes.
                                             

Market analysis
 
As prices of Peruvian fishmeal slid amid rising availability, the import costs dropped for Chinese traders. Meanwhile, sales of fishmeal slowed as heavy rains in the south hampered aqua production. Hence, traders continued to cut prices in a bid to stimulate demand.
 
Price quotes for prime-grade products were lower in the range of RMB10,600-10,800/tonne.
 

Market forecast
 
Lower import costs will help traders to negotiate prices while demand stays below expectations. Prices of fishmeal are seen soft in the near term.
 

 


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