Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

December 2, 2016
 
China Fishmeal Weekly: Traders cut prices amid sluggish demand (week ended Dec 1, 2016)
                                  
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

10,100

10,000

-100

 

Tianjin

Peru

FAQ/67%/new

10,100

10,000

-100

 

Shanghai

Peru

FAQ/65%/new

10,100

10,000

-100

 

Huangpu

Peru

FAQ/65%/new

10,100

10,000

-100

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,600

10,500

-100

 

Wuhan

Peru

FAQ/65%/new

10,700

10,600

-100

 

Shenyang

Peru

FAQ/65%/new

10,300

10,200

-100

 

Chengdu

Peru

FAQ/65%/new

10,800

10,700

-100

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1452 (Dec 2)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal were stable to the range of US$1,550-1,580/tonne.
 
As of November 27, Peru's fish catch for the current season was 351,293 tonnes, fulfilling about 18% of the quota.
 
 
Market analysis
 
Slack demand for aqua feed and cautious mood of hog feed producers curtailed the demand for fishmeal. Traders were compelled to lower prices despite firm import costs in efforts to stimulate demand.
 
Price quotes for prime-grade products were stable to lower in the range of RMB11,500-11,800/tonne.
 
 
Market forecast
 
Sales of fishmeal are unlikely to improve with aqua feed production shrinking to negligible level. Additionally, demand from the hog sector is set to stay slow amid low piglet population. However, even as demand is sluggish, fishmeal traders will be reluctant to cut prices as import costs rise amid a weakening renminbi.
 

 
 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read