An eFeedLink Exclusive
Price summary
Prices were stable to higher 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 Nov 9 (RMB/tonne) |
Price as of Nov 16 (RMB/tonne) |
Price change (RMB/tonne) | |
|
Dalian |
Peru |
FAQ/65%/new |
6,100 |
6,100 |
0 | |
|
SD/65%/new |
6,200 |
6,200 |
0 | |||
|
Tianjin |
Peru |
FAQ/65%/new |
6,100 |
6,100 |
0 | |
|
SD/65%/new |
6,200 |
6,200 |
0 | |||
|
Shanghai |
Peru |
FAQ/65%/new |
6,000 |
6,050 |
50 | |
|
SD/65%/new |
6,100 |
6,150 |
50 | |||
|
SD/67%/new |
6,700 |
6,700 |
0 | |||
|
Huangpu |
Peru |
FAQ/65%/new |
6,000 |
6,050 |
50 | |
|
SD/65%/new |
6,100 |
6,100 |
0 | |||
|
SD/67%/new |
6,700 |
6,700 |
0 | |||
|
Shenyang |
Peru |
FAQ/65%/new |
6,200 |
6,200 |
0 | |
|
Zhengzhou |
Peru |
FAQ/65%/new |
6,300 |
6,300 |
0 | |
|
Wuhan |
Peru |
FAQ/65%/new |
6,300 |
6,300 |
0 | |
|
Changsha |
Peru |
FAQ/65%/new |
6,300 |
6,300 |
0 | |
|
Chengdu |
Peru |
FAQ/65%/new |
6,300 |
6,300 |
0 | |
|
Prices refer to port transaction prices and are for reference only.
RMB1 = US$0.1465 (Nov 17) |
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Global markets
There was strong demand for new Peruvian fishmeal supplies. Out of an initial 200,000 tonnes of fishmeal on offer, 150,000 tonnes have been booked, with 80,000 tonnes being ordered by China importers.
CNF China reference quotes for standard Peruvian fishmeal rose from US$820/tonne to US$835/tonne.
Market analysis
Despite weaker feed demand and lower soymeal prices in China, higher international fishmeal prices have prompted China's feed millers to purchase more fishmeal during the week in review as they expected fishmeal prices to rise further.
At the same time, the detection of melamine in some aqua feed recently has also encouraged higher use of fishmeal.
The average transacted price for imported flame-dried fishmeal was in the range of RMB6,000-6,100/tonne. Port inventories stayed at around 220,000 tonnes.
Market forecast
