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02 Dec 2020
Sources:
CFO Exclusively
1) Weekly Report (Wk # 48)
- Fishmeal Inventory at port is 144,550 mt
- Weekly off take 17,970 mt
- Weekly arrival 21,900 mt
Full report, please click below link CFO China Feed Market Weekly Update #48 /2020
2) Today’s Price Indication (1 December 2020 – Wk #49)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,140-3,160 |
|
Canola Meal |
China |
36% |
2,470 |
|
Fishmeal |
Peru |
Super |
11,000-11,500 |
|
Fishmeal |
China |
63/130 |
9,600 |
|
MBM |
Uruguay/Argentina |
beef 45% |
4,500 |
|
MBM |
Australia |
beef 50% |
4,400 |
|
PBM |
USA |
65% |
7,600 |
Comments:
Fishmeal RMB cash market moving up about RMB 200/mt last week as new season cargo pre-sales over half. Chinese imported adjusted the price even though arriving cargo in Oct is over 160,000 mt which is much higher than normal year.
Today, Chinese fishmeal market is firm and inventory increased to 144,550 mt level.
As for poultry meal, RMB cash market remains at RMB7600 level. However US dollar market is keeping moving up and firm to close to USD1,000/mt level. Any higher than this level is negative margin if Chinese cash market remains unchanged.
3) Importing Statistics/October
Major importing items including fishmeal, fish oil, MBM, PBM, Soybean, DDGS , Rapeseed. Please click here [CFO Statistics page] to take a look.
4) China license:
This is a gentle reminder, for MOA China license renewal, the application should be submitted to Beijing 6 months prior to expire, please contact CFO License Center earlier .
Any queries, please email: license@21cfo.com
Sincerely yours,
Charles Wang
Tel: 852- 2871 0708
Email: cfo@chinafeedonline.com.hk /cfo@chinafeedonline.com
ChinaFeedOnline.com.hk/ChinaFeedOnline.com>> Your gateway to the China feed market
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