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Livestock & Feed Market

November 25, 2019
 
China Fishmeal Weekly: Market under pressure (week ended Nov 22, 2019)
                             
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 15

Price as of
Nov 22

Price change

Port

Dalian

Peru

FAQ/65%/new

9,100

9,100

0

 

Tianjin

Peru

FAQ/67%/new

9,300

9,200

-100

 

Shanghai

Peru

FAQ/65%/new

9,100

9,100

0

 

Huangpu

Peru

FAQ/65%/new

9,100

9,100

0

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$0.1421 (Nov 25)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal remained at US$1,350/tonne   while pre-sales prices were at US$1,330/tonne...
 
As of November 20, the fish catch in the northern-central seas (season period: Nov 16-Dec 31) totalled 469,696 tonnes, which was 17% of the 2.79 million tonnes quota.
 
 
Market analysis
 
Port inventories of fishmeal remained stable at 185,800 tonnes as demand slowed considerably with the production of aquaculture shrinking rapidly due to falling weather temperatures. Traders who were eager to trim inventories negotiated prices, albeit cautiously.
 
Price quotes for Peruvian prime-grade products were at RMB10,000-10,200/tonne.
 
 
Market forecast
 
With aqua feed output set to diminish at a faster rate, fishmeal demand will dwindle further. Traders will be under pressure to negotiate prices.
 

 

 


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