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Livestock & Feed Market

September 9, 2019
 
China Fishmeal Weekly: Traders cut prices amid mounting inventory pressure (week ended Sep 7, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices dropped lately.
 

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 30

Price as of
Sep 7

Price change

Port

Dalian

Peru

FAQ/65%/new

9,700

9,500

-200

 

Tianjin

Peru

FAQ/67%/new

9,700

9,600

-100

 

Shanghai

Peru

FAQ/65%/new

9,700

9,500

-200

 

Huangpu

Peru

FAQ/65%/new

9,700

9,500

-200

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$0.1403 (Sep 9)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal remained at US$1,350/tonne.
 
As of September 1, Peru's fish catch in the southern seas (season: Aug-5-Dec 31) totalled 2,846 tonnes which was a mere 0.53% of the 540,000 tonnes quota.
 
 
Market analysis
 
With the costs of Peruvian fishmeal falling sharply in the previous week, Chinese traders cut prices in efforts to entice buyers. Nevertheless, aqua feed producers remained prudent and held back purchases. Port inventory of fishmeal climbed to a new high of 289,200 tonnes.
 
Price quotes for Peruvian prime-grade products slid to RMB10,200-10,300/tonne.
 
 
Market forecast
 
Traders are likely to cut prices further amid mounting inventory pressure. With the climates turning cold, aqua feed production are set to dwindle gradually, hence limiting the usages of fishmeal.
 

 

 


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