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December 22, 2011
 
China Fishmeal Weekly: Market under global pressure (week ended Dec 22, 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 15

Price as of Dec 22

Price change

Port

Dalian

Peru

FAQ/65%/new

7,900

7,800

-100

Tianjin

Peru

FAQ/67%/new

7,900

7,800

-100

Shanghai

Peru

FAQ/65%/new

7,700

7,500

-200

Huangpu

Peru

FAQ/65%/new

7,700

7,500

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

8,000

7,800

-200

Wuhan

Peru

FAQ/65%/new

8,000

7,800

-200

Shenyang

Peru

FAQ/65%/new

8,000

7,900

-100

Chengdu

Peru

FAQ/65%/new

8,100

7,900

-200

Prices refer to port transaction prices and are for reference only.
RMB1= US$0.1578 (Dec 22)

 

Global markets
 
By December 19, Peru's north-central catch reached 1.88 million tonnes, accounting for 75% of the fishing quota. Large fishmeal producers cut prices amid anticipated supply pressure and weakening European demand.
 
Over the week, FOB prices of Peru's FAQ fishmeal slipped to US$1,100/tonne.
 
 
Market analysis
 
Softening global prices hurt domestic fishmeal trade, where traders readily negotiated prices in a bid to clear inventories.
 
 
Market forecast
 
With little signs of imminent pre-holiday restocking to perk up the market, fishmeal prices may head lower in the week ahead.
 
 
 


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