Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

August 26, 2016
 
China Fishmeal Weekly: Traders cut prices amid falling import costs (week ended Aug 25, 2016)
                                  
An eFeedLink Exclusive

 
Price summary
 
Significant fall in prices.
 

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 18

Price as of
Aug 25

Price change

Port

Dalian

Peru

FAQ/65%/new

12,000

11,600

-400

 

Tianjin

Peru

FAQ/67%/new

12,000

11,600

-400

 

Shanghai

Peru

FAQ/65%/new

11,800

11,600

-200

 

Huangpu

Peru

FAQ/65%/new

11,800

11,600

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

12,300

12,100

-200

 

Wuhan

Peru

FAQ/65%/new

12,400

12,200

-200

 

Shenyang

Peru

FAQ/65%/new

12,200

11,800

-400

 

Chengdu

Peru

FAQ/65%/new

12,500

12,300

-200

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1500 (Aug 26)

 

Global markets
 
FOB prices of Peruvian CNF fishmeal dropped further to US$1,830-1,850/tonnes.
 
Peru's fish catch in the southern seas totalled 50,000 tonnes, substantially below market expectations. However, as fishmeal prices in Europe slid, producers lowered prices to stay competitive.
 
 
Market analysis
 
Demand for fishmeal was light as aqua feed producers were reluctant to stockpile inventories with the aquaculture season ending soon. In some ports, daily transaction volumes were as low as 1,000 tonnes on average. While the costs of fishmeal from Peru softened over the week, traders took the opportunity to cut prices in a bid to stimulate buying.
 
Price quotes for prime-grade products were lower in the range of RMB13,000-13,300/tonne.
 
 
Market forecast
 
Falling weather temperatures in September will slow down the aquaculture production rapidly, particularly in the northern parts of China. With aqua feed consumption contracting, fishmeal demand is set to dwindle, dragging down prices together with lower import costs.
 

 


 
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