February 3, 2017
China Fishmeal Weekly: Market quiet, prices remain unchanged (week ended Feb 2, 2017)
An eFeedLink Exclusive
Price summary
Prices stayed flat.
|
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 rose another US$20/tonne to US$1,570/tonne.
As of January 24, Peru’s fish catch in the northern seas totalled 1.95 million tonnes, fulfilling 96% of the quota.
Market analysis
Trade was negligible during the week in review as most buyers and traders were on holidays. Prices remained unchanged even though import costs continued to move higher.
Price quotes for prime-grade products were in the range of RMB11,600-11,800/tonne.
Market forecast
With piglet population low and aqua feed production insignificant, fishmeal demand is poised to stay soft. Prices are seen stable to lower although traders will attempt to stand firm with Peruvian fishmeal costs on the rise.
