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December 29, 2011
 
China Fishmeal Weekly: Sluggish sales weigh on prices (week ended Dec 29, 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 22

Price as of Dec 29

Price change

Port

Dalian

Peru

FAQ/65%/new

7,800

7,700

-100

Tianjin

Peru

SD/65%/new

7,800

7,700

-100

Shanghai

Peru

SD/67%/new

7,500

7,300

-200

Huangpu

Peru

FAQ/65%/new

7,500

7,300

-200

Rail station

Zhengzhou

Peru

FAQ/65%/new

7,800

7,600

-200

Wuhan

Peru

FAQ/65%/new

7,800

7,600

-200

Shenyang

Peru

FAQ/65%/new

7,900

7,800

-100

Chengdu

Peru

FAQ/65%/new

7,900

7,700

-200

Prices refer to port transaction prices and are for reference only.
RMB1= US$0.1578 (Dec 29)


 
Global markets
 
As of December 27, Peru's north-central catch reached around two million tonnes, accounting for 80% of the fishing quota.
 
FOB prices of Peru's FAQ fishmeal were stable at US$1,100/tonne over the week, as some global buyers stocked up before the Christmas holiday.
 
 
Market analysis
 
China's fishmeal sales remained slack and port inventories were moving slowly. Peruvian fishmeal imports, which had come down to the last few batches of previous-season's orders, sank 38% on-month to 32,967 tonnes in November.
 
 
Market forecast
 
Chinese traders are counting on the kickoff of Lunar New Year holiday restocking to revive the fishmeal trade.
 

 
 


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