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Aquaculture

June 2, 2017
 
China Fishmeal Weekly: Prices stay flat despite rising aquaculture production (week ended Jun 1, 2017)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
 

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 25

Price as of
Jun 1

Price change

Port

Dalian

Peru

FAQ/65%/new

9,400

9,400

0

 

Tianjin

Peru

FAQ/67%/new

9,400

9,400

0

 

Shanghai

Peru

FAQ/65%/new

9,400

9,400

0

 

Huangpu

Peru

FAQ/65%/new

9,400

9,400

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

9,900

9,900

0

 

Wuhan

Peru

FAQ/65%/new

9,900

9,900

0

 

Shenyang

Peru

FAQ/65%/new

9,500

9,500

0

 

Chengdu

Peru

FAQ/65%/new

10,000

10,000

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1470 (Jun 2)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal were mainly at US1,400/tonne.
 
Peru's fish catch in the northern seas as of May 29 totalled 1,462,224 tonnes, which was 52% of the total quota.
   
                                          
Market analysis
 
Although aqua feed demand continued to expand, the production of shrimp feed was affected as stormy climates disrupted shrimp farming. Traders held prices stable in a bid to clear mounting inventories, which climbed to 185,000 tonnes over the week.
 
Price quotes for prime-grade products were in the range of RMB10,400-10,600/tonne.
 

Market forecast
 
Aqua feed production is expected to expand further in the coming weeks. However, the demand for shrimp feed, which requires high inclusion rates of fishmeal, will remain prudent. Fishmeal prices are likely to move lower as traders attempt to clear bloating stocks.
 

 

 

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