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22 Nov 2024

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Cash trend of China fishmeal has been going down to RMB11,100/ton at Shanghai port during the week while Peru’s fishmeal cargoes keep approaching China main ports. Though fishmeal inventory stockpiled at main ports keeps reducing, the upcoming cargoes shipped from Peru’s 1^st season would be soon to refill up the warehousing spaces in October.

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 #38	周数 Week #37	环比变化 Changes
大连 Dalian	超级Super Prime 68%	11100	11300	-200
大连 Dalian	普通Standard 65%	9300	9400	-100
天津 Tianjin	超级 Super Prime 68%	11300	11400	-100
天津 Tianjin	普通 Standard 65%	9400	9500	-100
上海 Shanghai	超级 Super Prime 68%	11100	11300	-200
上海 Shanghai	普通 Standard 65%	9300	9400	-100
黄埔 Huangpu	超级 Super Prime 68%	11100	11300	-200
黄埔 Huangpu	普通 Standard 65%	9300	9400	-100

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 #38			Wk 37
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	17310	10560	7000	20870
黄埔Huangpu	23980	21660	16000	29640
天津 Tianjin	1160	560	200	1520
大连Dalian	7720	3450	4600	6570
其他Other	17120	2910	3500	16530
合计Total Qty	67290	39140	31300	75130
上周鱼粉出库量				39200
Total FM sold/off-take from ports warehouse previous week:				39200
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 20/Sep/2020			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #38	Wk #37
Zhejiang	63% / TVN 130 (semi-defatted)	9,000	9,000
Zhejiang	65% / TVN 130 (semi-defatted)	10,000	10,000
Shandong	65% / TVN 100 (semi-defatted)	10,000	10,000
- Prices would go down to compete with imported products.

White Fishmeal

Updated: 20/Sep/2020			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #38	Wk #37	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 #38	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	2000-2100	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	2050-2150	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	2150-2250	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: The relatively cheaper China fishmeal would absorb purchasing orders in domestic. The short-term trend of RMB cash market would be measurably slowing down below RMB11,000/ton while currency of RMB keeps appreciating status. The recent slowing down cash market of China fishmeal is to be mainly brought by currency element.

As of state-run thoughts of mind, which is to purposely reduce purchasing expenses during recovery stage in China, currency of RMB would measurably keep appreciating to 6.6-6.7Yen against 1USD during Q4. Going with it, RMB cash trend could even slow down to RMB10,000/ton though USD quotes in Peru has relatively grown up USD20/ton for pre-sale intentions.

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 #38	周数 Wk #37	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,300	4,300	11 2020	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,200	4,200	10 2020	--
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: 20/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	3,137	2,999	2,970	2,930
January 2021	2,955	3,118	2,990	2,981
May 2021	2,966	2,935	2,850	2,817