Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

November 3, 200
 
China Fishmeal Weekly: Prices fail to pick up on weak demand (week ended Nov 2, 2008)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were stable to lower in most regions. 
 

Weekly transacted prices of imported fishmeal at major Chinese ports

Port/Inland city

Origin

Protein content
(%)

Price as of Oct 26 (RMB/tonne)

Price as of Nov 2 (RMB/tonne)

Price change (RMB/tonne)

Dalian

Peru 

FAQ/65%/new

6,150

6,150

0

SD/65%/new

6,300

6,200

-100

Tianjin 

Peru 

FAQ/65%/new

6,200

6,200

0

SD/65%/new

6,300

6,200

-100

Shanghai 

Peru 

FAQ/65%/new

6,100

6,100

0

SD/65%/new

6,200

6,100

-100

SD/67%/new

6,800

6,800

0

Huangpu

Peru 

FAQ/65%/new

6,100

6,100

0

SD/65%/new

6,300

6,100

-200

SD/67%/new

6,800

6,800

0

Shenyang

Peru

FAQ/65%/new

6,300

6,200

-100

Zhengzhou

Peru

FAQ/65%/new

6,300

6,300

0

Wuhan

Peru

FAQ/65%/new

6,300

6,300

0

Changsha

Peru

FAQ/65%/new

6,300

6,300

0

Chengdu

Peru

FAQ/65%/new

6,300

6,300

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1462 (Nov 3)
 

Global markets
 
Prices of Peruvian fishmeal were stable.
 
FOB China reference quotes for standard Peruvian flame-dried fishmeal moved within the narrow range of US$790-$800/tonne.
 
 
Market analysis
 
Fishmeal trade remained weak in China.
 
Port transacted prices of new stocks of flame-dried FAQ fishmeal remained at RMB6,000-6,200/tonne.
 
Total port inventories exceeded 240,000 tonnes amid sluggish demand. Feed millers were reluctant to purchase in big volumes in anticipation of lower fishmeal prices.
 
 
Market forecast
 
The distribution of new supplies of Peruvian fishmeal will be the focus of market participants. Overall, fishmeal prices are seen lower in the near-term.
 
 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read