September 9, 2016
China Fishmeal Weekly: Prices dip 9% in four weeks (week ended Sep 8, 2016)
An eFeedLink Exclusive
Price summary
|
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 |
11,300 |
11,000 |
-300 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
11,300 |
11,000 |
-300 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
11,300 |
11,000 |
-300 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
11,300 |
-300 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
11,800 |
-300 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
11,900 |
11,600 |
-300 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
11,500 |
11,200 |
-300 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
12,000 |
11,700 |
-300 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
FOB prices of Peruvian prime-grade fishmeal dropped US$20-50/tonnes to US$1,600-1,630/tonnes despite unsold inventories falling below 20,000 tonnes.
Market analysis
More imports of fishmeal arrived lately, exceeding the sales of the product as feed millers limited purchases while the aquaculture season approached its end. Traders readily negotiated prices amid mounting inventory pressure.
Over the past four weeks, fishmeal prices have tumbled 9% accumulatively in China.
Price quotes for prime-grade products slid to around RMB12,600/tonne.
Market forecast
China's fishmeal market will remain weak as demand slackens further in the coming weeks with aqua feed production dwindling. Competing to clear excess stocks traders will cut prices further.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
