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China

December 31, 2018

China Fishmeal Weekly:  Prices remain weak despite higher import costs (week ended Dec 28, 2017)
 
An eFeedLink Exclusive
 

Price summary

Prices were stable to softer.
 

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 21

Price as of
Dec 28

Price change

Port

Dalian

Peru

FAQ/65%/new

9800

9800

0

 

Tianjin

Peru

FAQ/67%/new

10000

9800

-200

 

Shanghai

Peru

FAQ/65%/new

9800

9800

0

 

Huangpu

Peru

FAQ/65%/new

9800

9800

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$0.1454 (Dec 31)

 

Global markets

CNF prices of Peruvian prime-grade fishmeal increased to US$1,550/tonne as producers stood firm.

Peru's fish catch in the northern and central seas as of December 25 totalled 1.8 million tonnes, which was about 86% of the 2.1 million tonnes quota.
 

Market analysis

Despite stronger prices of Peruvian fishmeal, several traders in China who needed cash during year's end cut prices to move sales. However, with demand from the hog and aquaculture sectors sluggish sales remained limited.

Price quotes for Peruvian prime-grade products dipped to the range of RMB10,600-10,800/tonne.
 

Market forecast

As current price levels, several traders are incurring losses. Fishmeal prices are therefore unlikely to fall further, particularly as the costs of Peruvian products have moved higher lately.
 

 


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