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CFO China Feed Market Wk #47-48 2020

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24 Nov 2020
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 market of China fishmeal has been keeping reducing status but gradual approaching RMB11,200/ton while there’s an accumulating up stockpiles of China fishmeal at main ports.

 

Q4 is usually an off season in China where consumes limited fishmeal products especially covid-19 remains certain affection. However, the growing up stockpiles of China fishmeal would firstly top up stress to reduce RMB cash market during off season.       

 

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 #47

周数
Week #46

环比变化 Changes

大连
Dalian

超级Super Prime 68%

11200

11500

-300

普通Standard 65%

9500

9500

0

天津
Tianjin

超级 Super Prime 68%

11200

11500

-300

普通 Standard 65%

9500

9500

0

上海
Shanghai

超级 Super Prime 68%

11200

11500

-300

普通 Standard 65%

9500

9500

0

黄埔

Huangpu

超级 Super Prime 68%

11100

11400

-300

普通 Standard 65%

9500

9500

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 #47

Wk 46

Ports

本周

出库量

入库量

上周

 

Current Stock

Off Take

Weekly Arrival

Previous Stock

上海Shanghai

34620

3960

7600

30980

黄埔Huangpu

66190

11970

20000

58160

天津 Tianjin

1260

160

450

970

大连Dalian

11480

1530

2200

10810

其他Other

27070

2870

2900

27040

合计Total Qty

140620

20490

33150

127960

上周鱼粉出库量

21130

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: 23/Nov/2020

Unit: RMBmt

国产鱼粉报价 Local Produced Fishmeal Price

Region

Quality

Wk #47

Wk #46

Zhejiang

63% / TVN 130 (semi-defatted)

9,200

9,400

65% / TVN 130 (semi-defatted)

10,000

10,200

Shandong

65% / TVN 100 (semi-defatted)

10,100

10,100

 -  Prices would follow up imported products during Q4.

White Fishmeal

Updated: 23/Nov/2020

Unit: RMB/mt

白鱼粉报价White Fishmeal Price Report

Brand/Origin

Wk #47

Wk #46

Changes

American Seafoods

16,000~16,200

16,000~16,200

--

Russian WFM - 60% - high pro

13,500~13,800

13,500~13,800

--

- 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 #47

条款Terms

粗制水产级散装

Crude (Aqua grade) in Bulk

2100-2150

FOB PI

粗制水产级桶装

Crude (Aqua grade) in Drums

2150-2200

FOB FCL

粗制水产级液体袋装

Crude (Aqua grade) in Flexi tank

2200-2300

FOB FCL

粗制欧米茄3 桶装

Crude (Omega-3) in Drums

2400-2500

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 gradual slow down to RMB11,000/ton or even lower during the days in Q4 off season. The going up stockpiles of China fishmeal would soon exceed 150k tons while Peru performs ideal fishing accomplishment for current 2nd anchovy season. The reportedly low incidence of juveniles would good to endeavor itself as the key fact to secure fishing performance and fishmeal production.

 

Meanwhile, the appreciating currency of RMB would further reduce landed cost of imported fishmeal products, and the cash market would measurably slow down below RMB10,000/ton if exchange rate locates at 6.5Yen against 1.0USD.

 

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 #47

周数
Wk #46

船期 Shipment

周变化 Changes

乌拉圭, 散装/牛
Uruguay, Beef Bulk

45-47%

4,500

4,500

01 2021

--

澳大利亚,散装/牛 Australia, beef Bulk

50%

4,400

4,400

12 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: 23/Nov/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

3,211

3,134

3,212

3,174

May 2021

3,264

3,156

3,113

3,031

September 2021

3,271

3,185

3,126

3,055

 

 

We welcome your comments and inputs!

 

CFO Reporter: Charles Wang

Email: cfo@chinafeedonline.com

 

                                                                 

Type Report: 
Weekly


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