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Livestock & Feed Market


June 4, 2018


China Fishmeal Weekly: Prices stay stable, buyers remain cautious (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

10,000

10,000

0

 

Tianjin

Peru

FAQ/67%/new

10,000

10,000

0

 

Shanghai

Peru

FAQ/65%/new

10,000

10,000

0

 

Huangpu

Peru

FAQ/65%/new

10,000

10,000

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

0

0

0

 

Wuhan

Peru

FAQ/65%/new

0

0

0

 

Shenyang

Peru

FAQ/65%/new

0

0

0

 

Chengdu

Peru

FAQ/65%/new

0

0

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1558 (Jun 4)

 

 

Global markets

 

CNF prices of Peruvian prime-grade fishmeal stayed at US$1,580/tonne.

 

Peru's fish catch in the southern seas as of May 29 totalled 2.59 million tonnes, which was about 78% of the 3.32 million tonnes quota.

 
 

Market analysis
 

Demand for fishmeal strengthened in southern parts of China as aquaculture farms stocked depleting inventories. This helped to clear fishmeal stocks, lowering port inventories modestly to 131,000 tonnes.

 

Price quotes for Peruvian prime-grade products remained in the range of RMB11,800-12,000/tonne.

 
 

Market forecast

 

Aqua feed production will continue to expand, lending support to fishmeal market. However, the stormy weather in southern China will dampen the buying interest of farmers, hence limiting the upward scope of the prices. 

 

 

 

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