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Livestock & Feed Market

September 23, 2019
 
China Fishmeal Weekly: Traders continue to slash prices (week ended Sep 20, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.
 

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 13

Price as of
Sep 20

Price change

Port

Dalian

Peru

FAQ/65%/new

9,400

9,200

-200

 

Tianjin

Peru

FAQ/67%/new

9,600

9,350

-250

 

Shanghai

Peru

FAQ/65%/new

9,400

9,200

-200

 

Huangpu

Peru

FAQ/65%/new

9,400

9,150

-250

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$0.1403 (Sep 23)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal remained at US$1,350/tonne.
 
As of September 12, 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
 
Port inventories of fishmeal remained high, exerting pressure on the market while aqua feed demand was poorer than expected. Fishmeal traders were compelled to slash prices further in a bid to entice buyers.
 
Price quotes for Peruvian prime-grade products dipped to RMB10,000-10,100/tonne.
 
 
Market forecast
 
Fishmeal prices will be under pressure as traders are eager to clear stocks before the aquaculture season ends in less than two months. Demand is expected to diminish gradually as aqua feed producers cut output in view of waning demand.
 

 

 


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