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November 17, 2011
 
China Fishmeal Weekly: Prices stay soft; premium-grade supplies low (week ended Nov 17, 2011)
 
An eFeedLink Exclusive

 
Price summary
 
Prices were stable to lower.
 

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 10

Price as of Nov 17

Price change

Port

Dalian

Peru

FAQ/65%/new

8,500

8,400

-100

Tianjin

Peru

FAQ/67%/new

8,500

8,400

-100

Shanghai

Peru

FAQ/65%/new

8,300

8,300

0

Huangpu

Peru

FAQ/65%/new

8,300

8,300

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

8,600

8,600

0

Wuhan

Peru

FAQ/65%/new

8,600

8,600

0

Shenyang

Peru

FAQ/65%/new

8,600

8,500

-100

Chengdu

Peru

FAQ/65%/new

8,700

8,700

0

Prices refer to port transaction prices and are for reference only.
RMB1= US$0.1575 (Nov 17)

 
 
Global markets
 
The current season saw falling production of premium-grade steamed dried fishmeal due to lower quality fish yield.
 
Over the week, FOB prices of Peru's FAQ fishmeal were unchanged at US$1,200/tonne.
 
 
Market analysis
 
Domestically, traders were more willing to negotiate prices for their high stockpiles of average-grade fishmeal, compared to the premium-grade variety, which were sought after by hog feed millers and limited in availability.
 
 
Market forecast
 
In the coming week, price movements of fishmeal may differ depending on their grades.
 
 
 

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