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December 23, 2016


China Fishmeal Weekly: Limited availability holds market firm (week ended Dec 22, 2016)
 

An eFeedLink Exclusive

 


Price summary


Prices were mostly stable.

 

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

10,200

10,400

200

 

Tianjin

Peru

FAQ/67%/new

10,200

10,400

200

 

Shanghai

Peru

FAQ/65%/new

10,400

10,400

0

 

Huangpu

Peru

FAQ/65%/new

10,400

10,400

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

10,900

10,900

0

 

Wuhan

Peru

FAQ/65%/new

11,000

11,000

0

 

Shenyang

Peru

FAQ/65%/new

10,400

10,600

200

 

Chengdu

Peru

FAQ/65%/new

11,100

11,100

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1439 (Dec 23)

                 
         

Global markets


FOB prices of Peruvian prime-grade fishmeal were unchanged at US$1,600/tonne.


Peru's fish catch as of December 15 totalled 862,000 tonnes.

 


Market analysis


Port inventories of fishmeal dwindled as imports were limited while traders limited purchases with renminbi staying weak. Hence, even as demand was flat, prices continued to rise in some regions amid tight availability.


Price quotes for prime-grade products rose to the range of RMB11,200-12,100/tonne.

 


Market forecast


Fishmeal prices are expected to stabilise as demand from the aquaculture sector is minimal. Although supplies are limited while import costs stay high. traders will have difficulties lifting prices in a weak market.
 
 

 


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