Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Livestock & Feed Market

July 29, 2019

China Fishmeal Weekly: Weak demand exerts pressure on market (week ended Jul 19, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed soft.
 

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 12

Price as of
Jul 19

Price change

Port

Dalian

Peru

FAQ/65%/new

10,000

10,000

0

 

Tianjin

Peru

FAQ/67%/new

10,200

10,000

-200

 

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

-

-

-

 

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$0.1453 (Jul 22)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal slid to US$1,600/tonne amid weakened demand.
 
As of July 17, the total fishing volume in Peru's central and northern sea totalled 1.91 million tonnes, which was 91% of the 2.1 million tonnes quota.
 
 
Market analysis
 
As demand for aqua feed was below expectations, feed millers were reluctant to place orders for fishmeal. Port inventories climbed to 255,700 tonnes over the week, exerting pressure on the market.
 
Price quotes for Peruvian prime-grade products were in the range of RMB11,100-11,200/tonne.
 
 
Market forecast
 
With the import costs of Peruvian fishmeal products lower, traders will be in a better position to negotiate prices. Fishmeal market is expected to weaken in the coming period.
 

 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read