July 7, 2017
China Fishmeal Weekly: Traders stand firm despite new fishmeal import arrival (week ended Jul 6, 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 |
9,400 |
9,400 |
0 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
9,400 |
9,400 |
0 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
9,400 |
9,400 |
0 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
9,400 |
0 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
9,900 |
0 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
9,900 |
9,900 |
0 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
9,500 |
9,500 |
0 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
10,000 |
10,000 |
0 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
FOB prices of Peruvian prime-grade fishmeal were unchanged in the range of US1,400-1,420/tonne amid strong presales.
Peru's fish catch in the northern seas as of July 3 totalled 2.27 million tonnes, which was 79% of the 2.8 million tonnes quota.
Market analysis
About 10,000 tonnes of fishmeal arrived over the week, lifting China's port inventories as a result. Although feed millers withheld purchases while aqua farming in the central and southwest regions was disrupted by severe storms, traders stood firm after clearing old fishmeal stocks over the past weeks.
Price quotes for prime-grade products firmed up to the range of RMB10,400-10,600/tonne.
Market forecast
Demand for fishmeal will remain robust but cautious mood of aqua feed producers will limit the upward scope of the market.
Meanwhile, shrimp farming, which requires a high proportion of fishmeal for its feed, progressed below expectations. Fishmeal demand is expected to dwindle should shrimp feed output slow significantly.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
