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MARKET

December 6, 2017

China Fishmeal Weekly: Soaring Peruvian fishmeal prices strengthen China market (week ended Dec 1, 2017)
 
An eFeedLink Exclusive
 

Price summary

Prices surged further.
 

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

11,200

11,700

500

 

Tianjin

Peru

FAQ/67%/new

11,400

11,900

500

 

Shanghai

Peru

FAQ/65%/new

11,200

11,700

500

 

Huangpu

Peru

FAQ/65%/new

11,200

11,700

500

Rail station

Zhengzhou

Peru

FAQ/65%/new

11,700

12,500

800

 

Wuhan

Peru

FAQ/65%/new

11,200

11,700

500

 

Shenyang

Peru

FAQ/65%/new

11,200

11,700

500

 

Chengdu

Peru

FAQ/65%/new

11,200

11,700

500

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1511 (Dec 4)

 
 
Global markets

CNF prices of Peruvian prime-grade fishmeal jumped to US$1,800/tonne, up by a whopping US$250.

The fish catch for the first few days were disappointing as the proportion of small fish was high.
 

Market analysis

Port inventories of fishmeal in China fell over 6% to a low of 130,000 tonnes. With stocks dwindling and Peruvian fish catch looked set to be low, fishmeal prices continued to surge over the week.

Over the past two months, fishmeal prices have soared 25%.

Price quotes for prime-grade products climbed to the range of RMB11,700-12,500/tonne.
 

Market forecast

The costs of Peruvian fishmeal are likely to surge further due to low fish catch. Chinese traders will lift prices accordingly to sustain profits even as demand is traditionally weak during due to negligible aqua feed production.
 
 

 


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