An eFeedLink Exclusive
Price summary
Prices were stable in most regions.
|
Weekly transacted prices of imported fishmeal at major Chinese ports | ||||||
|
Port/Inland city |
Origin |
Grade/Protein content/
stock type |
Price as of Dec 21 (RMB/tonne) |
Price as of Dec 28(RMB/tonne) |
Price change (RMB/tonne) | |
|
Dalian |
Peru |
FAQ/65%/new |
6,500 |
6,500 |
0 | |
|
SD/65%/new |
6,600 |
6,600 |
0 | |||
|
Tianjin |
Peru |
FAQ/65%/new |
6,450 |
6,400 |
-50 | |
|
SD/65%/new |
6,550 |
6,500 |
-50 | |||
|
Shanghai |
Peru |
FAQ/65%/new |
6,400 |
6,250 |
-150 | |
|
SD/65%/new |
6,500 |
6,400 |
-100 | |||
|
SD/67%/new |
6,900 |
6,900 |
0 | |||
|
Huangpu |
Peru |
FAQ/65%/new |
6,450 |
6,350 |
-100 | |
|
SD/65%/new |
6,500 |
6,400 |
-100 | |||
|
SD/67%/new |
6,900 |
6,900 |
0 | |||
|
Shenyang |
Peru |
FAQ/65%/new |
6,600 |
6,600 |
0 | |
|
Zhengzhou |
Peru |
FAQ/65%/new |
6,700 |
6,700 |
0 | |
|
Wuhan |
Peru |
FAQ/65%/new |
6,700 |
6,700 |
0 | |
|
Changsha |
Peru |
FAQ/65%/new |
6,700 |
6,700 |
0 | |
|
Chengdu |
Peru |
FAQ/65%/new |
6,800 |
6,800 |
0 | |
|
Prices refer to port transaction prices and are for reference only.
RMB1 = US$0.1462 (Dec 29) |
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Global markets
Prices of 65% flamed-dried Peruvian fishmeal were maintained at around US$850/tonne.
China imported 30,873.9 tonnes of fishmeal in November, down by 69.8 percent from October. Fishmeal traders are more cautious with procurement. A reduction in import volume will likely support stable prices amid a fall in demand.
Market analysis
China's fishmeal inventories stayed at around 160,000-170,000 tonnes.
Low soymeal prices as compared to fishmeal prices continued to prompt feed millers to use soymeal to substitute fishmeal whenever permissible.
Meanwhile, weak animal replenishment has also led to a lower demand for feed.
The fall in fishmeal demand led to lower prices in some regions, especially in southern China.
Market forecast
