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December 15, 2011
 
China Fishmeal Weekly: Prices slide further amid thin trade (week ended Dec 15, 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 8

Price as of Dec 15

Price change

Port

Dalian

Peru

FAQ/65%/new

8,000

7,900

-100

Tianjin

Peru

FAQ/67%/new

8,000

7,900

-100

Shanghai

Peru

FAQ/65%/new

7,800

7,700

-100

Huangpu

Peru

FAQ/65%/new

7,800

7,700

-100

Rail station

Zhengzhou

Peru

FAQ/65%/new

8,100

8,000

-100

Wuhan

Peru

FAQ/65%/new

8,100

8,000

-100

Shenyang

Peru

FAQ/65%/new

8,100

8,000

-100

Chengdu

Peru

FAQ/65%/new

8,200

8,100

-100

Prices refer to port transaction prices and are for reference only.
RMB1= US$0.1578 (Dec 15)

 

Global markets
 
By December 10, Peru's north-central catch reached 1.35 million tonnes, about 54% of the stipulated fishing quota. The remaining quota is estimated to be completed in around 14 days.
 
FOB prices of Peru's FAQ fishmeal fell to US$1,150/tonne amid an expected rise in supplies.
 
 
Market analysis
 
With global market showing signs of weakening and feed millers staying on the sidelines, China fishmeal prices slid further over the week amid thin trade.
 
 
Market forecast
 
Fishmeal market is seen on further downside in the near term.
 
 
 


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