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Market Reports

December 6, 2013

China Fishmeal Weekly: Market extends downward trend with dwindling aquaculture production (week ended Dec 5, 2013)
                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
 

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 28

Price as of
Dec 5

Price change

Port

Dalian

Peru

FAQ/65%/new

9,000

9,000

0

Tianjin

Peru

FAQ/67%/new

9,000

9,000

0

Shanghai

Peru

FAQ/65%/new

9,000

9,000

0

Huangpu

Peru

FAQ/65%/new

9,000

9,000

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

9,600

9,600

0

Wuhan

Peru

FAQ/65%/new

9,600

9,600

0

Shenyang

Peru

FAQ/65%/new

9,100

9,100

0

Chengdu

Peru

FAQ/65%/new

9,800

9,800

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1642 (Dec 6)

 
 
Global markets
 
Peru has completed 51% of the fishing quota for the current season. With increasing supplies, Peru's fishmeal market trended lower. FOB prices of CNF fishmeal were at US$1,490/tonne to US$1,500/tonne, dropped by US$30/tonne.
 
 
Market analysis
 
China's aquaculture production ended in the north, while in the south, activities were gearing down. Though normal-grade fishmeal prices stayed unchanged, with diminishing feed demand, prices of prime-grade products dropped by RMB200/tonne to the range between RMB9,800/tonne and RMB9,900/tonne.
 
 
Market forecast
                                                             
Peru market is showing signs of softening amid ample supplies, exacting pressure on the Chinese market. Coupled with weak demand, the downward trend of China fishmeal prices is expected to continue in the coming period.
 

 

 


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