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Livestock & Feed Market

August 19, 2019
 
China Fishmeal Weekly: Traders cut prices to entice buyers (week ended Aug 16, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved 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
Aug 9

Price as of
Aug 16

Price change

Port

Dalian

Peru

FAQ/65%/new

10,000

9,900

-100

 

Tianjin

Peru

FAQ/67%/new

10,000

10,000

0

 

Shanghai

Peru

FAQ/65%/new

10,000

9,900

-100

 

Huangpu

Peru

FAQ/65%/new

10,000

9,900

-100

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$0.1419 (Aug 19)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal dropped prominently by US$110/tonne to US$1,450/tonne as producers were eager to close deal amid sluggish demand.
 
Peru's fishing season in the southern seas (Aug-5-Dec 31) totalled 538,042 tonnes as of August 13, which was a mere 0.36% of the 540,000 tonnes quota.
 
 
Market analysis
 
Port inventories of fishmeal edged lower to 273,800 tonnes in China. Amid high inventory pressure, traders negotiated prices as the costs of Peruvian fishmeal fell significantly over the week.
 
Price quotes for Peruvian prime-grade products dipped to the range of RMB10,600-10,700/tonne.
 
 
Market forecast
 
Should the demand for aqua feed show no improvement with the farming season set to end soon, traders who are eager to clear stocks will slash prices of fishmeal. The recent tumble in Peruvian fishmeal costs will add pressure to the market.
 

 


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