November 6, 2017
China Fishmeal Weekly: Lower supply, higher cost lift prices (week ended Nov 3, 2017)
An eFeedLink Exclusive
Price summary
Prices moved higher.
|
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 |
9,800 |
9,800 |
0 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
9,700 |
9,700 |
0 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
9,500 |
9,700 |
200 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
9,500 |
100 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
9,800 |
400 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
9,400 |
9,800 |
400 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
9,700 |
9,800 |
100 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
9,300 |
9,700 |
400 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
CNF prices of Peruvian prime-grade fishmeal strengthened to US$1,530/tonne as the new fishing season was delayed.
Market analysis
As port inventories dwindled further to 154,000 tonnes under limited fishmeal imports traders lifted prices while the costs of Peruvian products increased lately. Nonetheless, demand continued to slide as qua feed production decreased steadily.
Price quotes for prime-grade products were higher in the range of RMB10,500-10,900/tonne.
Market forecast
Fishmeal market is expected to remain stable as traders stand firm amid shrinking availability and high import costs. However, falling demand from the aquaculture sector will up a lid on prices.
