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October 14, 2011
 
China Fishmeal Weekly: Firm global market, falling stocks bolster prices (week ended Oct 13, 2011)
 
An eFeedLink Exclusive

 
Price summary
 
Prices were higher.
 

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 Oct 6

Price as of Oct 13

Price change

Port

Dalian

Peru

FAQ/65%/new

8,200

8,400

200

Tianjin

Peru

FAQ/67%/new

8,200

8,400

200

Shanghai

Peru

FAQ/65%/new

8,000

8,200

200

Huangpu

Peru

FAQ/65%/new

8,000

8,200

200

Rail station

Zhengzhou

Peru

FAQ/65%/new

8,300

8,500

200

Wuhan

Peru

FAQ/65%/new

8,300

8,500

200

Shenyang

Peru

FAQ/65%/new

8,300

8,500

200

Chengdu

Peru

FAQ/65%/new

8,400

8,600

200

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1568 (Oct 14)

 

Global markets
 
Pre-orders for Peruvian new-season fishmeal had reached 160,000 tonnes. Over the week, FOB prices of FAQ fishmeal rose to US$1,200/tonne.
 
 
Market analysis
 
Market sentiment for fishmeal turned more inflationary amid bullish global prices and lower port inventories in China, which dropped to 190,000 tonnes over the week after a pre-holiday restocking rush.
 
Hog feed had replaced aqua feed as the major consumer of fishmeal across regions, with the exception of southern China where shrimp feed consumption remained robust.
 
 
Market forecast
 
Fishmeal prices should stay firm in the near term.
 

 

 

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