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Market Reports

September 10, 2018

China Fishmeal Weekly: Lower local production holds market firm (ended Sep 7, 2017)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to higher.
 

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 31

Price as of
Sep 7

Price change

Port

Dalian

Peru

FAQ/65%/new

10,200

10,200

0

 

Tianjin

Peru

FAQ/67%/new

10,200

10,500

300

 

Shanghai

Peru

FAQ/65%/new

10,200

10,200

0

 

Huangpu

Peru

FAQ/65%/new

10,200

10,200

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$0.1458 (Sep 10)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal were softer in the range of US$1,600-1,620/tonne.
 
As of September 4, Peru's fish catch in the southern seas totalled 56,029 tonnes, fulfilling about 10.5% of the season's quota of 535,000 tonnes.
 
 
Market analysis
 
Rising 3.4% port inventories of fishmeal expanded to 154,000 tonnes. However, as supplies of local fishmeal tightened due to pollution inspections, prices remained firm over the week.
 
Price quotes for Peruvian prime-grade products increased to the range of RMB11,800-11,900/tonne.
 
 
Market forecast
 
Sales of fishmeal in the northern parts of China are set to dwindle due to falling weather temperatures. This, together with ample port inventories and aqua farming disruptions in the coastal regions due to heavy rains, will exert pressure on fishmeal market.
 

 

 


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