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Market Reports

December 24, 2018
 
China Fishmeal Weekly: Market stays soft on slack demand, ample supply (week ended Dec 21, 2017)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
 

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 14

Price as of
Dec 21

Price change

Port

Dalian

Peru

FAQ/65%/new

9,800

9,800

0

 

Tianjin

Peru

FAQ/67%/new

10,000

10,000

0

 

Shanghai

Peru

FAQ/65%/new

9,800

9,800

0

 

Huangpu

Peru

FAQ/65%/new

9,800

9,800

0

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$0.1449 (Dec 24)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal remained at US$1,530/tonne.
 
Peru's fish catch in the northern and central seas as of December 19 totalled 1.72 million tonnes, which was about 82% of the 2.1 million tonnes quota.
 
 
Market analysis
 
Fishmeal usages were limited as the production of aqua feed shrank to negligible levels during this time of the year, due to the ending of aquaculture season. With import costs of Peruvian products sliding, feed producers were even more reluctant to stockpile fishmeal.
 
Price quotes for Peruvian prime-grade products were in the range of RMB10,800-11,200/tonne.
 
 
Market forecast
 
Abundant supplies fishmeal will hold down the prices in the coming period. Moreover, with aqua farming at its seasonal lull and the hog sector underperforming, sales of fishmeal are set to stay sluggish.
 

 


 
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