February 10, 2017
China Fishmeal Weekly: Prices stay flat amid slow sales (week ended Feb 9, 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 stayed unchanged at US$1,570/tonne.
As of January 26, Peru's fish catch in the northern seas totalled 1.96 million tonnes, fulfilling 98% of the quota.
Market analysis
Feed millers gradually resumed operation over the week but maintained low production. Sales of fishmeal were slow, putting a lid on the price.
Price quotes for prime-grade products remained in the range of RMB11,600-11,800/tonne.
Market forecast
As more shipments of fishmeal arrive, supplies are expected to be ample. This, in conjunction with slack post-festive demand, will weigh on fishmeal prices in the coming weeks.
