Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
MARKET
 
December 3, 2018
 
China Fishmeal Weekly: Traders cut prices to entice buyers (ended Nov 30, 2018)
                             
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 23

Price as of
Nov 30

Price change

Port

Dalian

Peru

FAQ/65%/new

10,200

10,000

-200

 

Tianjin

Peru

FAQ/67%/new

10,400

10,100

-300

 

Shanghai

Peru

FAQ/65%/new

10,200

10,000

-200

 

Huangpu

Peru

FAQ/65%/new

10,200

10,000

-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$0.1437 (Dec 3)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal dipped to US$1,580-1,600/tonne.
 
Peru's fish catch in the northern and central seas as of November 27 totalled 733,436 million tonnes, which was about 35% of the 2.1 million tonnes quota.
 
 
Market analysis
 
Fishmeal market was under pressure as demand continued to shrink while port inventories expanded further to 192,000 tonnes over the week. With import costs falling in anticipation of High fish harvest in Peru, traders cut prices in attempts to entice buyers to place orders.
 
Price quotes for Peruvian prime-grade products dropped to the range of RMB11,100-11,300/tonne.
 
 
Market forecast
 
Demand for fishmeal will dwindle in the coming weeks as aquaculture production falls to negligible levels. Traders will be under pressure with sales slow and supply ample.
 

 


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