An eFeedLink Exclusive
Price summary
|
Weekly transacted prices of imported fishmeal at major Chinese ports | ||||||
|
Port/Inland city |
Origin |
Grade/Protein content/
stock type |
Price as of Nov 23 (RMB/tonne) |
Price as of Nov 30 (RMB/tonne) |
Price change (RMB/tonne) | |
|
Dalian |
Peru |
FAQ/65%/new |
6,250 |
6,400 |
150 | |
|
SD/65%/new |
6,300 |
6,500 |
200 | |||
|
Tianjin |
Peru |
FAQ/65%/new |
6,200 |
6,400 |
200 | |
|
SD/65%/new |
6,300 |
6,500 |
200 | |||
|
Shanghai |
Peru |
FAQ/65%/new |
6,200 |
6,400 |
200 | |
|
SD/65%/new |
6,250 |
6,500 |
250 | |||
|
SD/67%/new |
6,800 |
6,900 |
100 | |||
|
Huangpu |
Peru |
FAQ/65%/new |
6,200 |
6,400 |
200 | |
|
SD/65%/new |
6,200 |
6,400 |
200 | |||
|
SD/67%/new |
6,800 |
6,900 |
100 | |||
|
Shenyang |
Peru |
FAQ/65%/new |
6,400 |
6,500 |
100 | |
|
Zhengzhou |
Peru |
FAQ/65%/new |
6,500 |
6,600 |
100 | |
|
Wuhan |
Peru |
FAQ/65%/new |
6,500 |
6,600 |
100 | |
|
Changsha |
Peru |
FAQ/65%/new |
6,500 |
6,600 |
100 | |
|
Chengdu |
Peru |
FAQ/65%/new |
6,600 |
6,600 |
0 | |
|
Prices refer to port transaction prices and are for reference only.
RMB1 = US$0.1465 (Dec 1) |
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Global markets
Prices of Peruvian fishmeal were stable during the week.
CNF reference quotes for Peruvian fishmeal maintained at US$850/tonne amid good sales. More than 260,000 tonnes of fishmeal out of 440,000 tonnes of new fishmeal stocks have been booked by buyers.
On November 19, China and Peruvian authorities finalised a trade agreement between the two countries. Part of the agreement proposed the lifting of import taxes for Peruvian fishmeal. Lower fishmeal import prices would most likely lead to higher demand for Peruvian fishmeal in future.
Market analysis
China's fishmeal inventories fell to around 180,000 tonnes. However, fishmeal trade was not as active as compared to the previous period. Soymeal prices were stable to lower during the week in review amid declining hog rearing profitsl. More soymeal were used, whenever permissible. Additionally, with the average price of domestic fishmeal more than RMB500/tonne cheaper than the average price of imported fishmeal, feed millers opted for the former.
Market forecast
