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November 14, 2016

China Fishmeal Weekly: Prices stay soft on slack demand (week ended Nov 10, 2016)
                                  
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 3

Price as of
Nov 10

Price change

Port

Dalian

Peru

FAQ/65%/new

10,500

10,500

0

 

Tianjin

Peru

FAQ/67%/new

10,500

10,500

0

 

Shanghai

Peru

FAQ/65%/new

10,500

10,500

0

 

Huangpu

Peru

FAQ/65%/new

10,500

10,500

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

11,000

11,000

0

 

Wuhan

Peru

FAQ/65%/new

11,100

11,100

0

 

Shenyang

Peru

FAQ/65%/new

10,700

10,700

0

 

Chengdu

Peru

FAQ/65%/new

11,200

11,200

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1400 (Nov 14)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal remained in the range of US$1,600-1,630/tonnes.
 
The new fishing season, with a quota of 6.86 million tonnes, will commence of November 14.
 
 
Market analysis
 
Sales of fishmeal were slow in China with aquaculture production plummeting.

Traders held prices stable as the import costs of Peruvian fishmeal remained firm.
 
Price quotes for prime-grade products dropped to the range of RMB11,800-12,000/tonne.
 
 
Market forecast
 
Fishmeal market should remain stable in Peru, as the new fishing season begins.
 
Meanwhile, prices of fishmeal in China will be under pressure due to dwindling aqua feed output. However, with renminbi weakening, traders will be prudent in cutting prices amid higher import costs.
 

 


 
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