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Livestock & Feed Market
 
November 4, 2019
 
China Fishmeal Weekly: Prices stable despite rising costs, lower supply (week ended Nov 1, 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
Oct 25

Price as of
Nov 1

Price change

Port

Dalian

Peru

FAQ/65%/new

9,300

9,300

0

 

Tianjin

Peru

FAQ/67%/new

9,500

9,500

0

 

Shanghai

Peru

FAQ/65%/new

9,300

9,300

0

 

Huangpu

Peru

FAQ/65%/new

9,300

9,300

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$0.14123 (Nov 4)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal strengthened to US$1,380/tonne.
 
 
Market analysis
 
Port inventories of fishmeal continued to dwindle in China, shrinking 5.5% to 194,300 tonnes. However, sales of fishmeal were limited despite more price enquiries, as usages dropped with the production of aqua feed diminishing. Consequently prices remained unchanged even though the import costs of Peruvian increased considerably.
 
Price quotes for Peruvian prime-grade products were stable to modestly higher at RMB10,200-10,600/tonne.
 
 
Market forecast
 
Trades will stand firm with the import costs of fishmeal higher and port inventories decreasing. However, poor piglet feed demand, in conjunction with falling aqua feed output, will limit the upward scope of fishmeal market.
 

 

 


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