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Aquaculture

July 17, 2015
 
China Fishmeal Weekly: Aquaculture disruption slows demand, weakens market (week ended Jul 16, 2015)
                                  
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
Jul 9

Price as of
Jul 16

Price change

Port

Dalian

Peru

FAQ/65%/new

10,400

10,200

-200

 

Tianjin

Peru

FAQ/67%/new

10,400

10,200

-200

 

Shanghai

Peru

FAQ/65%/new

10,400

10,200

-200

 

Huangpu

Peru

FAQ/65%/new

10,400

10,200

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,800

10,600

-200

 

Wuhan

Peru

FAQ/65%/new

11,000

10,800

-200

 

Shenyang

Peru

FAQ/65%/new

10,400

10,200

-200

 

Chengdu

Peru

FAQ/65%/new

11,000

10,800

-200

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1611 (Jul 17)

 
 
Global markets
 
FOB prices of Peruvian CNF fishmeal were unchanged at US$1,630/tonne.
 
Peru government has extended the fishing period in the central and northern seas to July 31 while maintaining the quota at 2.58 million tonnes.
 
 
Market analysis
 
Port inventories of fishmeal expanded from 80,000 tonnes to 83,000 tonnes as more imports arrived while demand was slower than expected. The typhoons and floods in south China has disrupted the production of aquaculture, hampering the sales of fishmeal as a result.
 
Prices of prime-grade products dipped to the range of RMB13,100-13,500/tonne.
 
 
Market forecast
 
Seeing no imminent rise in demand as aquaculture production is disrupted in several major production regions, feed millers are limiting purchases. Fishmeal market will therefore remain weak amid cautious mood and ample supplies.
 

 


 
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