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MARKET

September 11, 2017
 
China Fishmeal Weekly: Inventories rise amid subdued demand (week ended Sep 8, 2017)
                                  
An eFeedLink Exclusive
 
Price summary

 
Prices were mostly 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
Sep 1

Price as of
Sep 8

Price change

Port

Dalian

Peru

FAQ/65%/new

9,500

9,600

100

 

Tianjin

Peru

FAQ/67%/new

9,500

9,700

0

 

Shanghai

Peru

FAQ/65%/new

9,600

9,500

0

 

Huangpu

Peru

FAQ/65%/new

9,600

9,500

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,000

10,000

0

 

Wuhan

Peru

FAQ/65%/new

10,000

9,600

0

 

Shenyang

Peru

FAQ/65%/new

9,600

9,500

0

 

Chengdu

Peru

FAQ/65%/new

10,100

9,500

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1537 (Sep 11)

 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal remained in the range of US$1,460-1,480/tonne.
 
The quota for the new fishing season in the southern Peruvian seas, which ends on December 31, is set at 515,000 tonnes.
        
                                     
Market analysis
 
Demand for fishmeal stayed flat as aqua feed producers withheld buying in view of dwindling sales with the aquaculture season approaching its end. Port inventories increased to 204,000 tonnes, higher by 12,000 tonnes compared with the previous week.
 
Price quotes for prime-grade products slid to the range of RMB10,400-10,500/tonne.
 
 
Market forecast
 
Aqua feed producers will hold back fishmeal purchases, hence exerting pressure on the market, Fishmeal prices are likely to soften in the coming weeks as traders will be keen to clear mounting inventories.
 
 

 


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