April 14, 2017
China Fishmeal Weekly: Slow shrimp production curtails China fishmeal demand (week ended Apr 13, 2017)
An eFeedLink Exclusive
Price summary
Prices moved lower.
|
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 |
10,100 |
10,000 |
-100 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
10,100 |
10,001 |
-99 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
10,100 |
10,002 |
-98 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
10,100 |
-97 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
10,600 |
-100 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
10,700 |
10,600 |
-100 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
10,200 |
10,100 |
-100 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
10,800 |
10,700 |
-100 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
FOB prices of Peruvian prime-grade fishmeal slid to the range of US1,510-$1,530/tonne as producers stood firm.
Market analysis
Stormy climates in the south curtailed the demand for shrimp feed, prompting aqua feed producers to withhold fishmeal purchases. Hence, traders lowered prices of fishmeal while port inventories increased over the week.
Market forecast
Prudent mood of aqua feed producers will limit the sales of fishmeal in the near term. However, in the longer term, prices are seen stable to higher as aqua feed production is expected to rise steadily.
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