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23 Nov 2024

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Cash trend of China fishmeal has been keeping downtrend though fishmeal off-take from China main ports has been showing a relatively bigger volume from those of previous periods. CFO has learnt that the appreciating currency of RMB has been performing itself a fact to slow down imported tariff and to directly reduce wholesale bidding prices at China main ports.

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 #36	周数 Week #35	环比变化 Changes
大连 Dalian	超级Super Prime 68%	11600	12000	-400
大连 Dalian	普通Standard 65%	9700	10000	-300
天津 Tianjin	超级 Super Prime 68%	17000	12000	-300
天津 Tianjin	普通 Standard 65%	9800	10000	-200
上海 Shanghai	超级 Super Prime 68%	11600	12000	-400
上海 Shanghai	普通 Standard 65%	9700	10000	-300
黄埔 Huangpu	超级 Super Prime 68%	11600	12000	-400
黄埔 Huangpu	普通 Standard 65%	9700	10000	-300

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 #36			Wk 35
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	26580	16340	6880	36040
黄埔Huangpu	37050	18330	17080	38300
天津 Tianjin	2080	480	120	2440
大连Dalian	7880	3410	2420	8870
其他Other	17040	4110	1700	19450
合计Total Qty	90630	42670	28200	105100
上周鱼粉出库量				35440
Total FM sold/off-take from ports warehouse previous week:				35440
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 7/Sep/2020			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #36	Wk #35
Zhejiang	63% / TVN 130 (semi-defatted)	9,000	9,200
Zhejiang	65% / TVN 130 (semi-defatted)	10,000	10,200
Shandong	65% / TVN 100 (semi-defatted)	10,300	10,500
- Prices would go down to compete with imported products.

White Fishmeal

Updated: 7/Sep/2020			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #36	Wk #35	Changes
American Seafoods	16,000~16,200	16,000~16,200	--
Russian WFM - 60% - high pro	13,000~13,200	13,000~13,200	--
- An indication only, pricing range 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 #36	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	2100-2200	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	2150-2250	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	2250-2350	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	2200-2300	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: CFO measures RMB cash market would be subjected to move down to a range to cope with governmental policy where is to restore production and to encourage consumption after flooded environment. To reduce landed costs of those imported goods is a way to help of boosting economic activities. Meanwhile, currency of RMB would keep itself an appreciating status in terms of 6.80Yen against 1USD in a short term.

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 #36	周数 Wk #35	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,300	4,500	10 2020	-200
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,200	4,400	09 2020	-200
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: 7/Sep/2020				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
September 2020	2,970	2,930	2,842	2,858
January 2021	2,990	2,981	2,886	2,908
May 2021	2,850	2,817	2,743	2,737