Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

September 15, 2016

China Fishmeal Weekly: Market extends price falls (week ended Sep 14, 2016)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices dipped further.
 

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 8

Price as of
Sep 14

Price change

Port

Dalian

Peru

FAQ/65%/new

11,000

10,700

-300

 

Tianjin

Peru

FAQ/67%/new

11,000

10,700

-300

 

Shanghai

Peru

FAQ/65%/new

11,000

10,700

-300

 

Huangpu

Peru

FAQ/65%/new

11,000

10,700

-300

Rail station

Zhengzhou

Peru

FAQ/65%/new

11,500

11,200

-300

 

Wuhan

Peru

FAQ/65%/new

11,600

11,300

-300

 

Shenyang

Peru

FAQ/65%/new

11,200

10,900

-300

 

Chengdu

Peru

FAQ/65%/new

11,700

11,400

-300

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1499 (Sep 15)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal were mainly around US$1,600/tonnes.
 
The fish catch for the current season is projected to produce 470,000 tonnes of fishmeal, of which 23% have been taken up in the presales.
 
Meanwhile, spot supplies of fishmeal were scarce as most producers have cleared excess stocks.
 
 
Market analysis
 
Aqua feed producers continued to limit the purchases of fishmeal, preferring to pace orders as and when required. With the aquaculture season approaching its end, usages of fishmeal were slow as the production of aqua feed dwindled. Traders were therefore compelled to cut prices in attempts to boost clear stocks.
 
Price quotes for prime-grade products were lower in the range of RMB12,200-12,400/tonne.
 
 
Market forecast
 
Fishmeal demand is poised to diminish further as the production of aquaculture continues to shrink. After the Mid-Autumn Festival holidays, traders are expected to cut prices in efforts to entice buyers before the long October holidays.
 

 


 
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