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Lysine

September 17, 2019
 
China Fishmeal Weekly: Market softens under rising supply (week ended Sep 13, 2019)
                             
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 7

Price as of
Sep 13

Price change

Port

Dalian

Peru

FAQ/65%/new

9,500

9,400

-100

 

Tianjin

Peru

FAQ/67%/new

9,600

9,600

0

 

Shanghai

Peru

FAQ/65%/new

9,500

9,400

-100

 

Huangpu

Peru

FAQ/65%/new

9,500

9,400

-100

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$0.1415 (Sep 17)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal stayed flat at US$1,350/tonne.
 
As of September 8, 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
 
Traders cut prices amid mounting pressure as port inventories expanded to 290,200 tonnes over the week. Demand was slow, however, as aqua feed producers were not keen to accumulate high fishmeal stocks with the aquaculture season ending soon.
 
Price quotes for Peruvian prime-grade products softened to RMB10,100-10,300/tonne.
 
 
Market forecast
 
Dwindling aqua feed consumption will curtail the usages of fishmeal, resulting in bloating inventories. Traders are expected to negotiate prices in efforts to clear stocks.
 

 

 


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