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Livestock & Feed Market

December 23, 2019
 
China Fishmeal Weekly:  Market strengthens amid soaring Peruvian fishmeal prices (week ended Dec 20, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices rose significantly.
 

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 13

Price as of
Dec 20

Price change

Port

Dalian

Peru

FAQ/65%/new

9,200

9,900

700

 

Tianjin

Peru

FAQ/67%/new

9,400

9,900

500

 

Shanghai

Peru

FAQ/65%/new

9,200

9,900

700

 

Huangpu

Peru

FAQ/65%/new

9,200

9,900

700

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$0.1426 (Dec 23)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal surged to US$1,550/tonne, up prominently by US$150/tonne due to slower than expected fish harvest.
 
As of December 18, the fish catch in the northern-central seas (season period: Nov 6-Dec 31) totalled 958,107 tonnes, which was 34% of the 2.79 million tonnes quota.
 
 
Market analysis
 
As the import costs of Peruvian increased sharply, traders lifted prices in response. Feed producers restocked depleted inventories amid concerns that tight availability will drive fishmeal prices to rise tremendously. Port inventories slid slightly to 189,300 tonnes due to improved demand.
 
Price quotes for Peruvian prime-grade products climbed to RMB10.800-11,000/tonne.
 
 
Market forecast
 
Strong Peruvian fishmeal prices will lend support to China's market. However, buyers will tread prudently while the usages of fishmeal are limited due to negligible aqua feed production.
 

 

 


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