September 30, 2016
 
China Fishmeal Weekly: Weak trend prevails (week ended Sep 29, 2016)
                                  
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/
Protein content/
stock type

Price as of
Sep 22

Price as of
Sep 29

Price change

Port

Dalian

Peru

FAQ/65%/new

10,500

10,400

-100

 

Tianjin

Peru

FAQ/67%/new

10,500

10,400

-100

 

Shanghai

Peru

FAQ/65%/new

10,500

10,400

-100

 

Huangpu

Peru

FAQ/65%/new

10,500

10,400

-100

Rail station

Zhengzhou

Peru

FAQ/65%/new

11,000

10,900

-100

 

Wuhan

Peru

FAQ/65%/new

11,100

11,000

-100

 

Shenyang

Peru

FAQ/65%/new

10,700

10,600

-100

 

Chengdu

Peru

FAQ/65%/new

11,200

11,100

-100

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1500 (Sep 30)

 
 
Global markets
 
FOB prices of Peruvian prime-grade fishmeal stayed around US$1,600/tonnes.
 
Prices stayed stable as inventories fishmeal fell to around 2,000 tonnes.
 
 
Market analysis
 
Feed millers cut the production of aqua feed with demand dropping at a fast rate amid falling weather temperatures. Sales of fishmeal slowed as a result, compelling traders to slash prices further in efforts to entice buyers.
 
Price quotes for prime-grade products were lower in the range of RMB11,800-12,000/tonne.
 
 
Market forecast
 
The market will be closed for week during early October as China is on holidays. After the long break, demand for fishmeal is expected to weaken as a faster pace with aquaculture production shrinking rapidly.
 

 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.