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October 27, 2011
 
China Fishmeal Weekly: Dwindling port inventories underpin prices (week ended Oct 27, 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 20

Price as of Oct 27

Price change

Port

Dalian

Peru

FAQ/65%/new

8,500

8,600

100

Tianjin

Peru

FAQ/67%/new

8,500

8,600

100

Shanghai

Peru

FAQ/65%/new

8,400

8,500

100

Huangpu

Peru

FAQ/65%/new

8,400

8,500

100

Rail station

Zhengzhou

Peru

FAQ/65%/new

8,700

8,800

100

Wuhan

Peru

FAQ/65%/new

8,700

8,800

100

Shenyang

Peru

FAQ/65%/new

8,600

8,700

100

Chengdu

Peru

FAQ/65%/new

8,800

8,900

100

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1566 (Oct 27)

 
 
Global markets
 
Over the week, FOB prices of Peru's FAQ fishmeal rose slightly to US$1,280/tonne.
 
 
Market analysis
 
Peru's September fishmeal exports to China sank 43.5% on-month to 39,000 tonnes, signalling the pace of import arrivals had slowed markedly. China's fishmeal market found support from the easing of supply pressure, with port inventories dropping to around 180,000 tonnes over the week.
 
 
Market forecast
 
Fishmeal market will likely maintain rising momentum in the coming week.
 

 
 

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