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Market Reports
 
October 26, 2010

 

China Fishmeal Weekly: Dour weather upsets aquaculture, sinks fishmeal demand (week ended Oct 25, 2010)


An eFeedLink Exclusive
 
 

Price summary
 

Prices were stable to lower.

 

Weekly transacted prices of imported fishmeal at major Chinese ports (RMB/tonne)

Price type

Port / Inland city

Origin

Grade/

Price as of

Price as of

Price change

Protein content/

Oct 18

Oct 25

stock type 

 

 

Port

Dalian

Peru

FAQ/65%/new

10,500

10,500

0

Tianjin

Peru

FAQ/67%/new

10,500

10,500

0

Shanghai

Peru

FAQ/65%/new

10,200

10,000

-200

Huangpu

Peru

FAQ/65%/new

10,200

10,000

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,700

10,600

-100

Wuhan

Peru

FAQ/65%/new

10,600

10,600

0

Shenyang

Peru

FAQ/65%/new

10,800

10,800

0

Chengdu

Peru

FAQ/65%/new

10,800

10,700

-100

Prices refer to port transaction prices and are for reference only.

RMB1=US$0.1502 (Oct 26)

 
 

Global markets

 

Affected by the hot weather, demand for fishmeal from Japan, Asia's second largest fishmeal buyer, was sluggish. Prices of Peruvian fishmeal were therefore soft although supplies are seen limited due to lower-than-expected fish catch.

 
 

Market analysis
 

Aquaculture in China was gravely affected by Typhoon Megi and the cold weather, sinking the demand for aqua feed and hence fishmeal. With demand slacking and port inventory of imported fishmeal at 178,000 tonnes, some 250% higher than the same period last year, fishmeal prices declined further in several regions.

 
 

Market forecast

 

Inventory of imported fishmeal will reach 190,000 tonnes soon with the arrival of a new shipment. Fishmeal market is seen weak amid excess supplies and dwindling demand.
 

 
 


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