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December 8, 2011
 
China Fishmeal Weekly: Subdued demand deflates prices (week ended Dec 8, 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 Dec 1

Price as of Dec 8

Price change

Port

Dalian

Peru

FAQ/65%/new

8,200

8,000

-200

Tianjin

Peru

FAQ/67%/new

8,200

8,000

-200

Shanghai

Peru

FAQ/65%/new

8,000

7,800

-200

Huangpu

Peru

FAQ/65%/new

8,000

7,800

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

8,300

8,100

-200

Wuhan

Peru

FAQ/65%/new

8,300

8,100

-200

Shenyang

Peru

FAQ/65%/new

8,300

8,100

-200

Chengdu

Peru

FAQ/65%/new

8,400

8,200

-200

Prices refer to port transaction prices and are for reference only.
RMB1= US$0.1578 (Dec 8)

 

Global markets
 
By December 5, Peru's north-central catch had reached 35.45% of the stipulated fishing quota. Large fishmeal producers stood firm on prices as forward sales for the new season were brisk.
 
FOB prices of Peru's FAQ fishmeal stayed at US$1,200/tonne.
 
 
Market analysis
 
Fishmeal trade remained low as good fishing condition in Peru boosted cautious sentiment in the domestic market. Some cash-strapped traders hastened selling to repay debts at year-end, further pressuring fishmeal prices.
 
 
Market forecast
 
Fishmeal fundamentals are unlikely to improve in the near term. However, the traditional rise in year-end demand for meat is expected to lift hog feed sales and offer support for fishmeal demand in the coming weeks to come.
 

 

 

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