November 17, 2011
China Fishmeal Weekly: Prices stay soft; premium-grade supplies low (week ended Nov 17, 2011)
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Price summary
Prices were stable to lower.
|
Weekly transacted prices of imported fishmeal at major Chinese ports (RMB/tonne) | ||||||
|
Price type |
Port/Inland city |
Origin |
Grade/ |
Price as of Nov 10 |
Price as of Nov 17 |
Price change |
|
Port |
Dalian |
Peru |
FAQ/65%/new |
8,500 |
8,400 |
-100 |
|
Tianjin |
Peru |
FAQ/67%/new |
8,500 |
8,400 |
-100 | |
|
Shanghai |
Peru |
FAQ/65%/new |
8,300 |
8,300 |
0 | |
|
Huangpu |
Peru |
FAQ/65%/new |
8,300 |
0 | ||
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
8,600 |
0 | |
|
Wuhan |
Peru |
FAQ/65%/new |
8,600 |
8,600 |
0 | |
|
Shenyang |
Peru |
FAQ/65%/new |
8,600 |
8,500 |
-100 | |
|
Chengdu |
Peru |
FAQ/65%/new |
8,700 |
8,700 |
0 | |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
The current season saw falling production of premium-grade steamed dried fishmeal due to lower quality fish yield.
Over the week, FOB prices of Peru's FAQ fishmeal were unchanged at US$1,200/tonne.
Market analysis
Domestically, traders were more willing to negotiate prices for their high stockpiles of average-grade fishmeal, compared to the premium-grade variety, which were sought after by hog feed millers and limited in availability.
Market forecast
In the coming week, price movements of fishmeal may differ depending on their grades.
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