November 18, 2016
China Fishmeal Weekly: Lower Peruvian fishmeal costs help Chinese traders cut prices (week ended Nov 17, 2016)
An eFeedLink Exclusive
Price summary
Prices moved lower.
|
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 |
10,500 |
10,300 |
-200 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
10,500 |
10,300 |
-200 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
10,500 |
10,300 |
-200 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
10,500 |
-200 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
11,000 |
-200 | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
11,100 |
10,900 |
-200 |
|
|
Shenyang |
Peru |
FAQ/65%/new |
10,700 |
10,500 |
-200 |
|
|
Chengdu |
Peru |
FAQ/65%/new |
11,200 |
11,000 |
-200 |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
FOB prices of Peruvian prime-grade fishmeal were lower at S$1,600/tonnes.
The quota for the new fishing season was fixed at 2 million tonnes.
Market analysis
Sales of fishmeal in China slid amid waning demand from the aquacultures sector and slow piglet feed consumption. As the import costs of Peruvian fishmeal softened, traders cut prices as well in efforts to entice buyers.
Price quotes for prime-grade products were mainly at RMB11,800/tonne.
Market forecast
Dwindling aqua feed production and limited piglet feed consumption will put a lid on the sales of fishmeal in China. However, as prices are at breakeven levels and renminbi is likely to depreciate further, traders will stand firm unless the costs of Peruvian fishmeal fall further.
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