February 12, 2018
China Fishmeal Weekly: Prices remain stable (week ended Feb 9, 2017)
An eFeedLink Exclusive
Price summary
Prices were 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 |
12,700 |
12,700 |
0 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
12,900 |
12,900 |
0 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
12,700 |
12,700 |
0 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
12,700 |
0 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
13,500 |
0 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
12,700 |
12,700 |
0 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
12,700 |
12,700 |
0 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
12,700 |
12,700 |
0 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
CNF prices of Peruvian prime-grade fishmeal strengthened to US$2,100/tonne with presales at 180,000 tonnes.
Peru's fish catch in the southern seas totalled 31,000 tonnes as of February 5, fulfilling less than 6% of the.535,000 tonnes quota.
Market analysis
Trade was light in China's fishmeal market as both traders and feed producers prepared for the celebration of Chinese New Year. Prices remained stable despite port inventories of fishmeal climbing 5% to 83,000 tonnes.
Price quotes for Peruvian prime-grade products remained in the range of RMB13,800-14,000/tonne.
Market forecast
Sales of fishmeal will be limited in the remaining days before the long Chinese New Year holidays. Prices will remain around current levels.
After the festive break, fishmeal prices are likely to move lower amid mounting port inventories.
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