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September 23, 2016
 
China Fishmeal Weekly: Market weakens further on dwindling aqua feed demand (week ended Sep 22, 2016)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices continued to fall.
 

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 14

Price as of
Sep 22

Price change

Port

Dalian

Peru

FAQ/65%/new

10,700

10,500

-200

 

Tianjin

Peru

FAQ/67%/new

10,700

10,500

-200

 

Shanghai

Peru

FAQ/65%/new

10,700

10,500

-200

 

Huangpu

Peru

FAQ/65%/new

10,700

10,500

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

11,200

11,000

-200

 

Wuhan

Peru

FAQ/65%/new

11,300

11,100

-200

 

Shenyang

Peru

FAQ/65%/new

10,900

10,700

-200

 

Chengdu

Peru

FAQ/65%/new

11,400

11,200

-200

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1499 (Sep 23)

 

Global markets
 
FOB prices of Peruvian prime-grade fishmeal remained around US$1,600/tonnes.
 
Preliminary studies by Peruvian Institute of the Sea (IMARPE) show that the proportion of small fish in Peruvian seas is high.
 
 
Market analysis
 
Sales of fishmeal were poor after the Mid-Autumn Festival holidays as aquaculture production dwindled amid falling weather temperatures, particularly in the northern parts of China. Traders readily negotiated prices in efforts to clear inventories before aqua feed consumption diminished more rapidly entering October.
 
Meanwhile, port inventories of fishmeal remained low despite light trade, as imports were limited in September.
 
Price quotes for prime-grade products slid to the range of RMB12,000-12,300/tonne.
 
 
Market forecast
 
Fishmeal market will stay on weak trends as dwindling aquaculture output slashes feed production for the sector. Traders who are anxious to move sales are expected to cut prices further, but sales of fishmeal are unlikely to increase by a lot.
 

 


 
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