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Market Reports

December 10, 2018

China Fishmeal Weekly: Low demand, falling costs drag down prices (week ended Dec 3, 2017)
 
An eFeedLink Exclusive
 

Price summary

Prices continued to fall.
 

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 30

Price as of
Dec 7

Price change

Port

Dalian

Peru

FAQ/65%/new

10000

9800

-200

 

Tianjin

Peru

FAQ/67%/new

10100

10000

-100

 

Shanghai

Peru

FAQ/65%/new

10000

9800

-200

 

Huangpu

Peru

FAQ/65%/new

10000

9800

-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$0.1455 (Dec 10)

 
 
Global markets

CNF prices of Peruvian prime-grade fishmeal dipped to US$1,550/tonne as fish catch in the central and northern seas were better than expected.

Peru's fish catch in the northern and central seas as of December 5 totalled 1.15 million tonnes, which was about 55% of the 2.1 million tonnes quota.
 

Market analysis

Demand for fishmeal weakened further as aqua feed production plummeted to negligible levels. Additionally, hog feed producers were cautious with purchases with the sales of sow and piglet feed remaining tepid. With the costs of Peruvian fishmeal lower, traders cut prices in efforts to promote sales.

Price quotes for Peruvian prime-grade products softened to the range of RMB10,800-11,000/tonne.
 

Market forecast

Slow usages, in conjunction with falling import costs, will exert pressure on fishmeal market. Prices are seen weak as traders compete to clear inventories before the New Year holidays.
 
 

 


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