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Livestock & Feed Market

November 18, 2019
 
China Fishmeal Weekly: Falling cots, lacklustre demand weaken prices (week ended Nov 15, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved 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 8

Price as of
Nov 15

Price change

Port

Dalian

Peru

FAQ/65%/new

9,300

9,100

-200

 

Tianjin

Peru

FAQ/67%/new

9,500

9,300

-200

 

Shanghai

Peru

FAQ/65%/new

9,300

9,100

-200

 

Huangpu

Peru

FAQ/65%/new

9,300

9,100

-200

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$0.1425 (Nov 18)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal dipped to US$1,350/tonne on slack demand.
 
The quote for the new fishing season in the northern-central seas (Nov 16-Dec 31) is set at 2.786 million tonnes.
 

Market analysis
 
As Peruvian fishmeal prices slid lately, Chinese traders cut prices amid dwindling sales. Although port inventories of fishmeal shrank 1.4% to 185,800 tonnes, traders were eager to clear stocks in view of diminishing demand due to the imminent ending of aquaculture season.
 
Price quotes for Peruvian prime-grade products dropped to RMB10,000-10,200/tonne.
 

Market forecast
 
Fishmeal market will be under pressure with demand set to decrease due to the ending of the aquaculture season in winter. Prices are seen stable to lower as traders attempt to move sales.
 

 

 


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