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Price summary
Prices were lower in most regions.
|
Weekly transacted prices of imported fishmeal at major Chinese ports | ||||||
|
Port/Inland city |
Origin |
Grade/Protein content/
stock type |
Price as of Oct 12 (RMB/tonne) |
Price as of Oct 19 (RMB/tonne) |
Price change (RMB/tonne) | |
|
Dalian |
Peru |
FAQ/65%/new |
6,400 |
6,200 |
-200 | |
|
SD/65%/new |
6,700 |
6,600 |
-100 | |||
|
Tianjin |
Peru |
FAQ/65%/new |
6,400 |
6,200 |
-200 | |
|
SD/65%/new |
6,700 |
6,700 |
0 | |||
|
Shanghai |
Peru |
FAQ/65%/new |
6,250 |
6,100 |
-150 | |
|
SD/65%/new |
6,500 |
6,400 |
-100 | |||
|
SD/67%/new |
7,000 |
7,000 |
0 | |||
|
Huangpu |
Peru |
FAQ/65%/new |
6,250 |
6,100 |
-150 | |
|
SD/65%/new |
6,500 |
6,400 |
-100 | |||
|
SD/67%/new |
7,000 |
7,000 |
0 | |||
|
Shenyang |
Peru |
FAQ/65%/new |
6,600 |
6,500 |
-100 | |
|
Zhengzhou |
Peru |
FAQ/65%/new |
6,750 |
6,450 |
-300 | |
|
Wuhan |
Peru |
FAQ/65%/new |
6,700 |
6,400 |
-300 | |
|
Changsha |
Peru |
FAQ/65%/new |
6,700 |
6,400 |
-300 | |
|
Chengdu |
Peru |
FAQ/65%/new |
6,700 |
6,400 |
-300 | |
|
Prices refer to port transaction prices and are for reference only.
RMB1 = US$0.1459 (Oct 20) |
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Global markets
Fishmeal prices lower.
Concerns caused by the global financial crisis caused fishmeal prices to plunge, down US$40-50/tonne compared to the previous week. FOB China reference quotes for standard flame-dried 65 percent protein fishmeal were at US$840-850/tonne.
Market analysis
Fishmeal trade was weak in China.
Port transacted prices of new stocks of flame-dried FAQ fishmeal were at RMB6,100-6,300/tonne, down RMB100-150/tonne from the previous week. Some traders' transacted prices even fell to RMB6,000/tonne.
Demand for fishmeal also weakened amid poor hog rearing profits and reduced aquaculture rearing activities with the arrival of cooler temperatures.
Market forecast
