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 30(RMB/tonne)	Price as of Dec 7(RMB/tonne)	Price change (RMB/tonne)
Dalian	Peru	FAQ/65%/new		6,400	6,500	100
		SD/65%/new		6,500	6,600	100
Tianjin	Peru	FAQ/65%/new		6,400	6,500	100
		SD/65%/new		6,500	6,600	100
Shanghai	Peru	FAQ/65%/new		6,400	6,500	100
		SD/65%/new		6,500	6,600	100
		SD/67%/new		6,900	7,000	100
Huangpu	Peru	FAQ/65%/new		6,400	6,600	200
		SD/65%/new		6,400	6,600	200
		SD/67%/new		6,900	7,000	100
Shenyang	Peru	FAQ/65%/new		6,500	6,600	100
Zhengzhou	Peru	FAQ/65%/new		6,600	6,700	100
Wuhan	Peru	FAQ/65%/new		6,600	6,700	100
Changsha	Peru	FAQ/65%/new		6,600	6,700	100
Chengdu	Peru	FAQ/65%/new		6,600	6,800	200
Prices refer to port transaction prices and are for reference only. RMB1 = US$0.1454 (Dec 8)

Global markets

 

Prices of Peruvian fishmeal were higher during the week.

 

CNF reference quotes for Peruvian fishmeal increased by about US$20/tonne to settle at US$870-880/tonne.

 

In addition to higher Peruvian fishmeal prices, the recent strength  of the Chinese Renminbi against the US Dollar will further increase China's import costs of Peruvian fishmeal.

Market analysis
 

China's fishmeal inventories fell to around 174,000 tonnes.

 

Higher pork prices during the week in review supported an increase in fishmeal demand. However, lower soymeal prices in some regions and weaker demand for poultry feed and aqua feed limited the overall increase in fishmeal demand.

 

 

Market forecast