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CFO China Feed Market Wk #31-32 2019

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06 Aug 2019
Sources: 
CFO Exclusive

We (CFO) are pleased to update below China FEED market information for you:

 

I. FISHMEAL / FISH Oil SECTION

Brief China RMB Cash Market:

Cash trend of China fishmeal has been staying firm at RMB10,400-10,900/ton at Shanghai port during the week while the entire fishmeal stockpiles remain upward at main ports. Based on current supply and demand of China fishmeal, the entire stockpiles at ports would be measurably reaching 300k tons during later part of Q3.

 

China ports keep receiving fishmeal cargoes from other resources during later part of July while Peru’s 1st anchovy season has just finished with a reportedly 96.09% of fishing achievement at the date of July 30.

 

So far the supply of fishmeal products from Peru and the other resources is plentiful and good enough to cover up RMB cash market during rest of Q3. Though swine disease is still there, summer aquatic breeding remains rational activity to consume fishmeal products.

 

RMB Cash Market:

国内主要港口秘鲁鱼粉参考报价表(元/吨)
China Peruvian Fishmeal Cash Market by Ports  (RMB/mt)

港口 Ports

品质规格
Quality

周数
Week #31

周数
Week #30

环比变化 Changes

大连
Dalian

超级Super Prime 68%

10500-11000

10500-11000

-

普通Standard 65%

9900-10000

9900-10000

-

天津
Tianjin

超级 Super Prime 68%

10600-11200

10600-11200

-

普通 Standard 65%

10000

10000

-

上海
Shanghai

超级 Super Prime 68%

10400-10900

10400-10900

-

普通 Standard 65%

9900-10000

9900-10000

-

黄埔

Huangpu

超级 Super Prime 68%

10400-10900

10400-10900

-

普通 Standard 65%

9900-10000

9900-10000

-

 

 

FM Stock & Off-take:

周中国主要港口进口鱼粉库存表(吨)

China Fishmeal (Stock & Off Take) Weekly Status (mt)

港口

Wk #31

Wk 30

Ports

本周

出库量

入库量

上周

 

Current Stock

Off Take

Weekly Arrival

Previous Stock

上海Shanghai

84620

6350

7000

83970

黄埔Huangpu

123580

17100

18000

122680

天津 Tianjin

310

160

100

370

大连Dalian

25780

1490

800

26470

其他Other

37140

2700

4000

35840

合计Total Qty

271430

27800

29900

269330

上周鱼粉出库量

24230

Total FM sold/off-take from ports warehouse previous week:

来源:饲料在线港口代表统计Sources: CFO Port Agents

 

 

China Domestic Fishmeal

Updated: 5/Aug/2019

Unit: RMB/mt

国产鱼粉报价 Local Produced Fishmeal Price

Region

Quality

Wk #31

Wk #30

Zhejiang

60% / TVN 130 (semi-defatted)

9,000

9,000

65% / TVN 130 (semi-defatted)

10,100

10,100

Shandong

65% / TVN 80 (semi-defatted)

10,200

10,200

  -     The price has been keeping firm during ban.

 

 

White Fishmeal

Updated: 5/Aug/2019

Unit: RMB/mt

白鱼粉报价White Fishmeal Price Report

Brand/Origin

Wk #31

Wk #30

Changes

American Seafoods

13,500~13,700

13,500~13,600

--

Russian WFM - 60% - high pro

10,800

10,800

--

- An indication only, prices ranges due to various quality, freshness and brand.
- Above prices are importing duties paid.

 

Fish Oil

秘鲁鱼油离岸价格(美元/吨)
 Peruvian Fish oil Market FOB Price(USD/mt)

品质包装 Quality/Packing

周数Wk #31

条款Terms

粗制水产级散装

Crude (Aqua grade) in Bulk

1800-1850

FOB PI

粗制水产级桶装

Crude (Aqua grade) in Drums

1850-1900

FOB FCL

粗制水产级液体袋装

Crude (Aqua grade) in Flexi tank

1950-2000

FOB FCL

粗制欧米and茄3 桶装

Crude (Omega-3) in Drums

2100-2400

FOB FCL

注:FOB:秘鲁港口离岸价、FCL:集装箱装运。

 

FM Comments:

RMB Market: Currency issue would come back again to support RMB cash trend in a short term while China allows to see its depreciating status from previous RMB6.9:USD1 to current RMB7:USD1. The depreciating currency of RMB could basically ease the downtrend of China fishmeal.

 

However, the high-rising fishmeal stockpile at China ports is still there to threat Chinese importers. So far the utilization of China fishmeal is still lack of the fundamental support from live pig breeding, and the worst scenario is to cut another 10% of its breeding size due to swine disease during rest part of 2019 and 2020.

         

II. Animal Protein/Grain Sections      

                         肉骨粉参考价格 (人民币/吨)
                     Meat and Bone meal Price Ideas (RMB/mt)

产地
Origin

蛋白
Protein

周数
Wk #31

周数
Wk #30

船期 Shipment

周变化 Changes

乌拉圭, 散装/牛
Uruguay, Beef Bulk

45-47%

3,900

3,900

9/10 2019

--

澳洲,散装/牛 Australia, beef Bulk

50%

4,000

4,000

8/9 2019

--

此价格每周更新非实盘仅供参考
Price is updated weekly just an indication for reference only

 

Soybean Meal

Updated: 5/Aug/2019

Unit: RMB/mt

China Soybean Meal Market Future Price Week #32

Contract Period

Today’s Price

1 weeks ago

2 week ago

3 weeks ago

September 2019

2,872

2,776

2,796

2,859

January 2020

2,877

2,807

2,843

2,920

May 2020

2,739

2,725

2,744

2,780

 

We welcome your comments and inputs!

 

CFO Reporter: Charles Wang

Email: cfo@chinafeedonline.com

Type Report: 
Weekly


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