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Livestock & Feed Market

November 13, 2017
 
China Fishmeal Weekly: Concerns over Peru’s new fishing season lift China fishmeal prices (week ended Nov 10, 2017)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices rose prominently.
 

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 3

Price as of
Nov 10

Price change

Port

Dalian

Peru

FAQ/65%/new

9,800

10,000

200

 

Tianjin

Peru

FAQ/67%/new

9,700

10,300

600

 

Shanghai

Peru

FAQ/65%/new

9,700

10,000

300

 

Huangpu

Peru

FAQ/65%/new

9,600

10,000

400

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,200

10,500

300

 

Wuhan

Peru

FAQ/65%/new

9,800

10,000

200

 

Shenyang

Peru

FAQ/65%/new

9,800

10,000

200

 

Chengdu

Peru

FAQ/65%/new

9,700

10,000

300

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1505 (Nov 13)

Global markets
 
CNF prices of Peruvian prime-grade fishmeal rose to US$1,540/tonne as producers stood firm with presales approaching 200,000 tonnes.
 
Meanwhile, market participants have lowered the quota projection for the upcoming fishing season to around 1.8 million tonnes.
                  
                           
Market analysis
 
Traders lifted price quotes of fishmeal as supplies tightened while the costs of Peruvian fishmeal surged further amid concerns of poor fish catch in the upcoming season. Hence, even as the demand for fishmeal was flat due to dwindling aqua feed production, prices of fishmeal rose by 3.2% over the week.
 
Price quotes for prime-grade products increased to the range of RMB10,900-11,300/tonne.
 
 
Market forecast
 
With the costs of Peruvian fishmeal expected to climb further, Chinese fishmeal market is set to remain strong. Feed millers who have held inventories low will increase stock, hence lending support to the price hikes. However, with aqua feed output negligible, buyers will remain prudent.
 
 

 


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