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Market Reports

July 29, 2019

China Fishmeal Weekly: Prices stable despite light trade (week ended Jul 26, 2019)
                             
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
Jul 19

Price as of
Jul 26

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

-

-

-

 

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$0.1452 (Jul 29)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal dropped to US$1,560/tonne in anticipation of ample availability.
 
As of July 24, the total fishing volume in Peru's central and northern sea totalled 2 million tonnes, which was 95% of the 2.1 million tonnes quota.
 
 
Market analysis
 
Trade was light in the fishmeal market as aqua farming in the south continued to be disrupted by heavy floods. Port inventories of fishmeal expanded to 264,100 tonnes exerting pressure on the market. However, traders were reluctant to lower prices.
 
Price quotes for Peruvian prime-grade products stayed in the range of RMB11,100-11,200/tonne.
 
 
Market forecast
 
Sales of fishmeal are expected to remain sluggish as feed producers tread prudently. Traders will be pressured to cut prices with inventories of fishmeal mounting.
 

 

 


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