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Market Reports

July 23, 2018

China Fishmeal Weekly: Stable market sees adverse climate threats (ended Jul 20, 2017)
 
An eFeedLink Exclusive
 

Price summary

Prices remained 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
Jul 13

Price as of
Jul 24

Price change

Port

Dalian

Peru

FAQ/65%/new

10000

10000

0

 

Tianjin

Peru

FAQ/67%/new

10000

10000

0

 

Shanghai

Peru

FAQ/65%/new

9800

9800

0

 

Huangpu

Peru

FAQ/65%/new

9800

9800

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

-

-

-

 

Wuhan

Peru

FAQ/65%/new

-

-

-

 

Shenyang

Peru

FAQ/65%/new

-

-

-

 

Chengdu

Peru

FAQ/65%/new

-

-

-

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1480 (Jul 24)

 

Global markets

CNF prices of Peruvian prime-grade fishmeal remained at US$1,620/tonne. Pre-sales FOB price quotes for August/September deliveries were at USD1,600/tonne.

Even though the fishing season in the northern seas has not ended, several fishmeal producers were making sales for the upcoming season. Pre-sales prices were in the range of US$1,550-1,570/tonne, with sales volume allegedly reaching 10,000 tonnes. 
 

Market analysis

Demand for fishmeal improved but aqua feed producers stayed prudent while the southern coastal region faced typhoon and high precipitation problems. With shipments arriving steadily, port inventories of fishmeal climbed 1.5% to 126,900 tonnes over the week.

Price quotes for Peruvian prime-grade products were unchanged at RMB11,800-12,00/tonne.
 

Market forecast
Mounting port inventory will exert pressure on fishmeal traders as buyers limit buying. Should the shrimp farming in the coastal region be severely impacted by the typhoon attacks and heavy rains, sales of feed and hence fishmeal will decrease substantially. Consequently, traders will be compelled to slash prices to clear stocks.
 
 

 


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