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23 Nov 2024

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Though those arrival volumes of Peru’s fishmeal cargoes are large recently, the entire fishmeal stockpiled at China main ports is still below 100k tons. CFO measures it is pretty connectable with recent appreciating currency of RMB what may make imported goods much cheaper, gear up consumptions and also good to refill up those empty warehousing spaces.

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 #41	周数 Week #39	环比变化 Changes
大连 Dalian	超级Super Prime 68%	11100	11100	0
大连 Dalian	普通Standard 65%	9300	9300	0
天津 Tianjin	超级 Super Prime 68%	11300	11300	0
天津 Tianjin	普通 Standard 65%	9400	9400	0
上海 Shanghai	超级 Super Prime 68%	11100	11100	0
上海 Shanghai	普通 Standard 65%	9300	9300	0
黄埔 Huangpu	超级 Super Prime 68%	11100	11100	0
黄埔 Huangpu	普通 Standard 65%	9300	9300	0

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 #41			Wk 39
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	15900	12940	14500	14340
黄埔Huangpu	35550	28830	47000	17380
天津 Tianjin	760	360	400	720
大连Dalian	8030	3430	4200	7260
其他Other	23760	4780	10580	17960
合计Total Qty	84000	50340	76680	57660
上周鱼粉出库量				38030
Total FM sold/off-take from ports warehouse previous week:				38030
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 12/Oct/2020			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #41	Wk #39
Zhejiang	63% / TVN 130 (semi-defatted)	9,000	9,000
Zhejiang	65% / TVN 130 (semi-defatted)	9,600	9,600
Shandong	65% / TVN 100 (semi-defatted)	9,800	9,800
- Prices would stay firm to meet up with imported products.

White Fishmeal

Updated: 12/Oct/2020			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #41	Wk #39	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 #41	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: CFO measures RMB cash trend would be hardly keeping downtrend in a short term and would perform steady status above RMB11,000/ton in a short term. Though currency of RMB remains strong so far and keep appreciating status to reduce the expenses at imported fishmeal products, the commonly assessment for telling USD quotes for 2^nd anchovy season of 2020 would move up generally due to weather parameters.

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 #41	周数 Wk #39	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,500	4,400	12 2020	+100
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,400	4,300	11 2020	+100
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: 12/Oct/2020				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
January 2021	3,286	3,264	3,106	3,137
May 2021	3,061	2,996	2,900	2,955
September 2021	3,041	2,981	2,928	2,966