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November 25, 2011
 
China Fishmeal Weekly: Import falls on dwindling demand (week ended Nov 24, 2011)
 
An eFeedLink Exclusive

 
Price summary
 
Prices were mostly 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 17

Price as of Nov 24

Price change

Port

Dalian

Peru

FAQ/65%/new

8,400

8,400

0

Tianjin

Peru

FAQ/67%/new

8,400

8,400

0

Shanghai

Peru

FAQ/65%/new

8,300

8,200

-100

Huangpu

Peru

FAQ/65%/new

8,300

8,200

-100

Rail station

Zhengzhou

Peru

FAQ/65%/new

8,600

8,500

-100

Wuhan

Peru

FAQ/65%/new

8,600

8,500

-100

Shenyang

Peru

FAQ/65%/new

8,500

8,500

0

Chengdu

Peru

FAQ/65%/new

8,700

8,600

-100

Prices refer to port transaction prices and are for reference only.
RMB1= US$0.1572 (Nov 25)

 

Global markets
 
FOB prices of Peru's FAQ fishmeal remained at US$1,200/tonne.
 
Several fishmeal producers halted price releases. Trade was light as most global buyers have stocked sufficient supplies lately.
 
 
Market analysis
 
Dwindling aqua feed demand curtailed the sales of fishmeal in China.
 
Amid diminishing demand, traders were cutting import volumes. According to customs statistics, October fishmeal import volume decreased by 45% on-month to 53,000 tonnes.
 
 
Market forecast
 
The ending of aquaculture season will limit the use of fishmeal in China, keeping prices weak for the coming period.
 

 
 

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