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Livestock & Feed Market

November 11, 2019
 
China Fishmeal Weekly: Dwindling aqua feed production curtails demand (week ended Nov 8, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed flat.
 

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
Nov 1

Price as of
Nov 8

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$0.1429 (Nov 11)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal increased to US$1,400/tonne with supplies dwindling.
 
Trial fishing in the northern-central seas, which would last 10days, commenced on November 6. Fish catch on the first day totalled 6,828 tonnes, which was less than 30% of the first-day catch a year ago.
 

Market analysis
 
Despite soaring Peruvian fishmeal costs, 8prices remained flat in China with the production of aqua feed shrinking. As imports were limited, port inventories continued to fall, decreasing 3% to 188,400 tonnes.
 
Price quotes for Peruvian prime-grade products remained at RMB10,200-10,600/tonne.
 

Market forecast
 
With import costs on the rise and port inventories dropping, traders are likely to lift fishmeal prices in the coming period. However, price hikes are unlikely to be a lot as demand weakens amid diminishing aqua feed output.
 

 

 

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