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/ |
Price as of |
Price as of |
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 |
-100 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
11,000 |
-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. | ||||||
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.
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