October 23, 2017
China Fishmeal Weekly: Market stable amid strong Peruvian fishmeal prices (week ended Oct 20, 2017)
An eFeedLink Exclusive
Price summary
Prices stayed firm.
|
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 |
9,500 |
9,700 |
200 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
9,700 |
9,700 |
0 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
9,500 |
9,500 |
0 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
9,500 |
0 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
9,800 |
0 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
9,400 |
9,400 |
0 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
9,500 |
9,700 |
200 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
9,300 |
9,300 |
0 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
CNF prices of Peruvian prime-grade fishmeal remained stable at US$1,520/tonne.
Pre-sales of fishmeal from the upcoming fishing season increased to 130,000 tonnes, lending support to the market.
Market analysis
Although the demand for fishmeal was not strong, dwindling imports tightened the availability of the product. With port inventories falling to 172,900 tonnes, fishmeal traders stood firm while import costs of Peruvian products remained high.
Price quotes for prime-grade products were higher in the range of RMB10,400-10,700/tonne.
Market forecast
Fishmeal market is expected to stay stable in the near term as traders are reluctant to slash profits, which are paltry. Nonetheless, in the longer term, as aqua feed production drops to negligible levels, fishmeal prices will be under pressure amid poor sales.
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