December 22, 2011
China Fishmeal Weekly: Market under global pressure (week ended Dec 22, 2011)
An eFeedLink Exclusive
Price summary
Prices were lower.
|
Weekly transacted prices of imported fishmeal at major Chinese ports (RMB/tonne) | ||||||
|
Price type |
Port/Inland city |
Origin |
Grade/ |
Price as of Dec 15 |
Price as of Dec 22 |
Price change |
|
Port |
Dalian |
Peru |
FAQ/65%/new |
7,900 |
7,800 |
-100 |
|
Tianjin |
Peru |
FAQ/67%/new |
7,900 |
7,800 |
-100 | |
|
Shanghai |
Peru |
FAQ/65%/new |
7,700 |
7,500 |
-200 | |
|
Huangpu |
Peru |
FAQ/65%/new |
7,700 |
-200 | ||
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
8,000 |
-200 | |
|
Wuhan |
Peru |
FAQ/65%/new |
8,000 |
7,800 |
-200 | |
|
Shenyang |
Peru |
FAQ/65%/new |
8,000 |
7,900 |
-100 | |
|
Chengdu |
Peru |
FAQ/65%/new |
8,100 |
7,900 |
-200 | |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
By December 19, Peru's north-central catch reached 1.88 million tonnes, accounting for 75% of the fishing quota. Large fishmeal producers cut prices amid anticipated supply pressure and weakening European demand.
Over the week, FOB prices of Peru's FAQ fishmeal slipped to US$1,100/tonne.
Market analysis
Softening global prices hurt domestic fishmeal trade, where traders readily negotiated prices in a bid to clear inventories.
Market forecast
With little signs of imminent pre-holiday restocking to perk up the market, fishmeal prices may head lower in the week ahead.
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