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December 1, 2011
 
China Fishmeal Weekly: Market continues weak momentum (week ended Dec 2, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were 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 24

Price as of Dec 1

Price change

Port

Dalian

Peru

FAQ/65%/new

8,400

8,200

-200

Tianjin

Peru

FAQ/67%/new

8,400

8,200

-200

Shanghai

Peru

FAQ/65%/new

8,200

8,000

-200

Huangpu

Peru

FAQ/65%/new

8,200

8,000

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

8,500

8,300

-200

Wuhan

Peru

FAQ/65%/new

8,500

8,300

-200

Shenyang

Peru

FAQ/65%/new

8,500

8,300

-200

Chengdu

Peru

FAQ/65%/new

8,600

8,400

-200

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1574 (Nov 4)RMB1= US$0.1571 (Dec 1)

 
 
Global markets
 
FOB prices of Peru's FAQ fishmeal were flat at US$1,200/tonne amid good fishing condition.
 
Pre-orders for Peruvian new-season fishmeal reached 270,000 tonnes, and were set to rise further. This slightly bolstered global market expectations.
 
 
Market analysis
 
Traders' eagerness to sell amid low buying interest drove fishmeal prices lower over the week.
 
 
Market forecast
 
With domestic demand stagnant, more downside is expected for China's fishmeal prices in the short term.
 

 
 

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