December 10, 2018
China Fishmeal Weekly: Low demand, falling costs drag down prices (week ended Dec 3, 2017)
An eFeedLink Exclusive
Price summary
Prices continued to fall.
|
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 |
10000 |
9800 |
-200 |
|
|
Tianjin |
Peru |
FAQ/67%/new |
10100 |
10000 |
-100 |
|
|
Shanghai |
Peru |
FAQ/65%/new |
10000 |
9800 |
-200 |
|
|
Huangpu |
Peru |
FAQ/65%/new |
10000 |
-200 | |
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
- |
- | |
|
|
Wuhan |
Peru |
FAQ/65%/new |
- |
- |
- |
|
|
Shenyang |
Peru |
FAQ/65%/new |
- |
- |
- |
|
|
Chengdu |
Peru |
FAQ/65%/new |
- |
- |
- |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
CNF prices of Peruvian prime-grade fishmeal dipped to US$1,550/tonne as fish catch in the central and northern seas were better than expected.
Peru's fish catch in the northern and central seas as of December 5 totalled 1.15 million tonnes, which was about 55% of the 2.1 million tonnes quota.
Market analysis
Demand for fishmeal weakened further as aqua feed production plummeted to negligible levels. Additionally, hog feed producers were cautious with purchases with the sales of sow and piglet feed remaining tepid. With the costs of Peruvian fishmeal lower, traders cut prices in efforts to promote sales.
Price quotes for Peruvian prime-grade products softened to the range of RMB10,800-11,000/tonne.
Market forecast
Slow usages, in conjunction with falling import costs, will exert pressure on fishmeal market. Prices are seen weak as traders compete to clear inventories before the New Year holidays.
