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China
 
October 2, 2018

China Fishmeal Weekly: Trade dwindles as China prepares for long holidays (ended Sep 28, 2017)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained stable.
 

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 21

Price as of
Sep 28

Price change

Port

Dalian

Peru

FAQ/65%/new

10,600

10,600

0

 

Tianjin

Peru

FAQ/67%/new

10,600

10,600

0

 

Shanghai

Peru

FAQ/65%/new

10,600

10,600

0

 

Huangpu

Peru

FAQ/65%/new

10,600

10,600

0

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$0.1456 (Oct 2)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal stayed firm at US$1,650/tonne.
 
 
Market analysis
 
Demand for fishmeal softened as aqua feed producers gradually halted operation in preparation for the October long holidays. Hence, even as port inventories diminished to 147,000 tonnes, prices lacked the momentum to move higher.
 
Price quotes for Peruvian prime-grade products stayed in the range of RMB12,000-12,200/tonne.
 
 
Market forecast
 
Trade in the fishmeal market will practically be non-existent in the coming week as China goes for a long break.
 
After the holidays, fishmeal prices are likely to move lower amid dwindling demand as the aquaculture season approaches its end. Moreover, the upcoming fishing season in Peru's northern seas is projected to be bountiful due to low probability of an El Nino occurrence.
 

 


 
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