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MARKET

June 19, 2017
 
China Fishmeal Weekly: Expanding aqua feed output supports prices (week ended Jun 15, 2017)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
 

Global markets
 
FOB prices of Peruvian prime-grade fishmeal remained in the range of US1,400-1,420/tonne.
 
Peru’s fish catch in the northern seas as of June 12 totalled 1.88 million tonnes, which was 67% of the 2.8 million tonnes quota
 

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
Jun 8

Price as of
Jun 15

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$0.1468 (Jun 19)

                                             
Market analysis
 
Fishmeal demand was robust as aquaculture production soared stimulating the output of aqua feed. Port inventories shrank to around 150,000 tonnes, prompting traders to stand firm on prices. However, as a handful of sellers were eager to clear inventories, prices lacked the momentum to move higher.
 
Price quotes for prime-grade products were unchanged in the range of RMB10,400-10,600/tonne.
 
 
Market forecast
 
Sales of fishmeal will continue to stay strong as aquaculture output expands further during summer. This will lend support to the market even though imports of fishmeal are expected to increase in the coming period.
 
 

 


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