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October 14, 2016
 
China Fishmeal Weekly: Prices stay flat amid light trade (week ended Oct 13, 2016)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
 

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 29

Price as of
Oct 13

Price change

Port

Dalian

Peru

FAQ/65%/new

10,400

10,400

0

 

Tianjin

Peru

FAQ/67%/new

10,400

10,400

0

 

Shanghai

Peru

FAQ/65%/new

10,400

10,400

0

 

Huangpu

Peru

FAQ/65%/new

10,400

10,400

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,900

10,900

0

 

Wuhan

Peru

FAQ/65%/new

11,000

11,000

0

 

Shenyang

Peru

FAQ/65%/new

10,600

10,600

0

 

Chengdu

Peru

FAQ/65%/new

11,100

11,100

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1487 (Oct 14)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal softened to the range of US$1,590-1,600/tonnes.
 
 
Market analysis
 
Trade was light in the fishmeal market after the long holidays during early October, as aqua feed millers limited production in view of waning sales. Meanwhile, supplies of fishmeal remained ample while the costs of Peruvian fishmeal softened lately, hence limiting the upward scope of the market.
 
Price quotes for prime-grade products were in the range of RMB11,800-12,100/tonne.
 
 
Market forecast
 
Although fishmeal price quotes stayed stable, traders readily negotiated prices to close deals. With the production of aquaculture set to dwindle rapidly in the coming weeks, tumbling demand will compel fishmeal traders to slash prices further.
 

 


 
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