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Market Reports

December 30, 2019

China Fishmeal Weekly:  Rising import costs lift prices (week ended Dec 27, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices continued to rise.
 

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 20

Price as of
Dec 27

Price change

Port

Dalian

Peru

FAQ/65%/new

9,900

10,100

200

 

Tianjin

Peru

FAQ/67%/new

9,900

10,100

200

 

Shanghai

Peru

FAQ/65%/new

9,900

10,100

200

 

Huangpu

Peru

FAQ/65%/new

9,900

10,100

200

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$0.1431 (Dec 30)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal increased US$50/tonne to US$1,600/tonne as the fishing progress was slow.
 
As of December 25, the fish catch in the northern-central seas (season period: Nov 6-Dec 31) totalled 961,518tonnes, which was 35% of the 2.79 million tonnes quota.
 
 
Market analysis
 
Port inventories dipped to 177,000 tonnes with imports limited and demand improved while buyers stocked inventories amid concerns of rising import costs.
 
Price quotes for Peruvian prime-grade products rose to RMB11,000-12,000/tonne.
 
 
Market forecast
 
Fishmeal prices are seen stable to higher in China. Traders will stand firm on prices while the costs of Peruvian fishmeal stay strong and port inventories dwindle.
 

 

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