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October 14, 2019
 
China Fishmeal Weekly: Market stays stable amid falling imports (week ended Oct 11, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained 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 27

Price as of
Oct 11

Price change

Port

Dalian

Peru

FAQ/65%/new

9,200

9,200

0

 

Tianjin

Peru

FAQ/67%/new

9,350

9,350

0

 

Shanghai

Peru

FAQ/65%/new

9,200

9,200

0

 

Huangpu

Peru

FAQ/65%/new

9,150

9,150

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$0.1415 (Oct 14)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal softened to US$1,320/tonne.

FOB prices of October/November delivery pre-sales fishmeal were at US$1,320/tonne.
 
 
Market analysis
 
Trade was light over the past two weeks due to the long holidays. Nonetheless, as imports of fishmeal dropped prominently, port inventories shrank considerably to 246,500 tonnes.
  
Price quotes for Peruvian prime-grade products were stable to higher at RMB10,000-10,300/tonne.
 
 
Market forecast
 
Port inventories of fishmeal will continue to diminish as imports dwindle. However, with the aquaculture season ending soon, slow sales will limit the upward scope of fishmeal market.
 

 

 

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