July 29, 2016
 
China Fishmeal Weekly: Chinese fishmeal traders stand firm amid low fish catch in Peru (week ended Jul 28, 2016)
                                  
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/
Protein content/
stock type

Price as of
Jul 21

Price as of
Jul 28

Price change

Port

Dalian

Peru

FAQ/65%/new

12,000

12,000

0

 

Tianjin

Peru

FAQ/67%/new

12,000

12,000

0

 

Shanghai

Peru

FAQ/65%/new

12,000

12,000

0

 

Huangpu

Peru

FAQ/65%/new

12,000

12,000

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

12,400

12,400

0

 

Wuhan

Peru

FAQ/65%/new

12,600

12,600

0

 

Shenyang

Peru

FAQ/65%/new

12,200

12,200

0

 

Chengdu

Peru

FAQ/65%/new

12,700

12,700

0

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1504 (Jul 29)


Global markets
 
FOB prices of Peruvian CNF fishmeal were firm at US$1,850/tonnes.
 
Peru's fish catch in the central-northern seas totalled 767,187 tonnes as of July 20, prominently lower than expected. 
 
 
Market analysis
 
Demand for fishmeal was slow as feed millers has sufficient stocks while aqua feed consumption was limited due to floods and heavy rains in several regions. Nevertheless, even while port inventories expanded, traders held prices firm as Peru seemed unlikely to achieve its target for the fishing season.
 
Price quotes for prime-grade products strengthened to the range of RMB13,300-13,500/tonne.
 
                                                        
Market forecast
 
Demand for fishmeal is expected to slow towards mid-August as the weather temperatures begin to fall, signalling the downturn of the aquaculture production. However, with the fishing volumes of the new season in Peru disappointing, traders will stand firm in the near term in anticipation of inadequately supplies.
 
 

 


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