December 29, 2011
China Fishmeal Weekly: Sluggish sales weigh on prices (week ended Dec 29, 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 22 |
Price as of Dec 29 |
Price change |
|
Port |
Dalian |
Peru |
FAQ/65%/new |
7,800 |
7,700 |
-100 |
|
Tianjin |
Peru |
SD/65%/new |
7,800 |
7,700 |
-100 | |
|
Shanghai |
Peru |
SD/67%/new |
7,500 |
7,300 |
-200 | |
|
Huangpu |
Peru |
FAQ/65%/new |
7,500 |
-200 | ||
|
Rail station |
Zhengzhou |
Peru |
FAQ/65%/new |
7,800 |
-200 | |
|
Wuhan |
Peru |
FAQ/65%/new |
7,800 |
7,600 |
-200 | |
|
Shenyang |
Peru |
FAQ/65%/new |
7,900 |
7,800 |
-100 | |
|
Chengdu |
Peru |
FAQ/65%/new |
7,900 |
7,700 |
-200 | |
|
Prices refer to port transaction prices and are for reference only. | ||||||
Global markets
As of December 27, Peru's north-central catch reached around two million tonnes, accounting for 80% of the fishing quota.
FOB prices of Peru's FAQ fishmeal were stable at US$1,100/tonne over the week, as some global buyers stocked up before the Christmas holiday.
Market analysis
China's fishmeal sales remained slack and port inventories were moving slowly. Peruvian fishmeal imports, which had come down to the last few batches of previous-season's orders, sank 38% on-month to 32,967 tonnes in November.
Market forecast
Chinese traders are counting on the kickoff of Lunar New Year holiday restocking to revive the fishmeal trade.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
