January 27, 2017
China Fishmeal Weekly: Prices stay flat despite higher import costs (week ended Jan 26, 2017)
An eFeedLink Exclusive
Price summary
Prices remained unchanged.
|
Weekly transacted prices of imported fishmeal at major Chinese ports (RMB/tonne) | ||||||
|
Price type |
Port/Inland city |
Origin |
Grade/ |
Price as of |
Price as of |
Price change |
|
Port |
Dalian |
Peru |
FAQ/65%/new |
10,300 |
10,300 |
0 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
10,300 |
10,300 |
0 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
10,300 |
10,300 |
0 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
10,300 |
0 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
10,800 |
0 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
10,900 |
10,900 |
0 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
10,500 |
10,500 |
0 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
11,000 |
11,000 |
0 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
FOB prices of Peruvian prime-grade fishmeal increased US$20/tonne to US$1,550/tonne.
As of January 19, Peru's fish catch in the northern seas totalled 1.79 million tonnes, fulfilling 89% of the quota.
Market analysis
Port inventories of fishmeal were around 60,000 tonnes, lower than the same period a year ago. However, with the demand for fishmeal sluggish as most feed producers have halted operation in preparation for the Chinese New Year celebration, prices remained unchanged even as import costs increased lately.
Price quotes for prime-grade products remained in the range of RMB11,600-11,800/tonne.
Market forecast
China will be celebrating Chinese New Year in the coming week and the market will be closed.
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