October 14, 2016
China Fishmeal Weekly: Prices stay flat amid light trade (week ended Oct 13, 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/ |
Price as of |
Price as of |
Price change |
|
Port |
Dalian |
Peru |
FAQ/65%/new |
10,400 |
10,400 |
0 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
10,400 |
10,400 |
0 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
10,400 |
10,400 |
0 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
10,400 |
0 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
10,900 |
0 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
11,000 |
11,000 |
0 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
10,600 |
10,600 |
0 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
11,100 |
11,100 |
0 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
FOB prices of Peruvian prime-grade fishmeal softened to the range of US$1,590-1,600/tonnes.
Market analysis
Trade was light in the fishmeal market after the long holidays during early October, as aqua feed millers limited production in view of waning sales. Meanwhile, supplies of fishmeal remained ample while the costs of Peruvian fishmeal softened lately, hence limiting the upward scope of the market.
Price quotes for prime-grade products were in the range of RMB11,800-12,100/tonne.
Market forecast
Although fishmeal price quotes stayed stable, traders readily negotiated prices to close deals. With the production of aquaculture set to dwindle rapidly in the coming weeks, tumbling demand will compel fishmeal traders to slash prices further.
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