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24 Nov 2024

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Cash trend of China fishmeal has been slowing down to RMB11,400/ton at Shanghai port during the week while there’s a downtrend commonly by reducing RMB300/ton from the first week Chinese came back to breed. Chinese breeding farms located around Shanghai and Huangpu ports are gradually returning to consume fishmeal products.

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 #08	周数 Week #07	环比变化 Changes
大连	SD68% 超级	11400	11700	-300
大连	SD65%普通	9900	10200	-300
天津	SD68% 超级	11600	11900	-300
天津	SD65%普通	10200	10500	-300
上海	SD68% 超级	11400	11700	-300
上海	SD65%普通	9900	10200	-300
黄埔	SD68% 超级	11400	11700	-300
黄埔	SD65%普通	9900	10200	-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 #08			Wk 07
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	34030	6580	10600	30010
黄埔Huangpu	39940	6920	4200	42660
天津 Tianjin	510	70	0	580
大连Dalian	6990	1310	1600	6700
其他Other	19440	2330	2500	19270
合计Total Qty	100910	17210	18900	99220
上周鱼粉出库量				5940
Total FM sold/off-take from ports warehouse previous week:				5940
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 1/Mar/2021			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #08	Wk #07
Zhejiang	63% / TVN 130 (semi-defatted)	9,400	9,400
Zhejiang	65% / TVN 130 (semi-defatted)	10,000	10,000
Shandong	65% / TVN 100 (semi-defatted)	10,100	10,100
- Prices has moved up a little with the imported fishmeal.

White Fishmeal

Updated: 1/Mar/2021			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #08	Wk #07	Changes
American Seafoods	15,600~15,800	15,600~15,800	--
Russian WFM - 60% - high pro	13,200	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 #08	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	1750-1850	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	1800-1900	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	1850-1950	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 appreciating currency of RMB remains itself a fact that reduces the landed tariffs of imported fishmeal products. RMB cash market would slightly remain downtrend a little in a short term.

However, CFO measures RMB cash market would soon go up if cargoes shipped from Peru remain tight lately. The recent ocean freights that arranged by Peruvians would more or less delay fishmeal cargoes during rest of March. And, that could stretch the tense of fishmeal supply from China ports while the entire stockpiles of China fishmeal remain low during rest of March.

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 #08	周数 Wk #07	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,800	4,800	04 2021	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,700	4,600	03 2021	+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: 1/Mar/2021				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
May 2021	3,422	3,500	3,500	3,470
September 2021	3,470	3,531	3,531	3,500
January 2022	3,422	3,403	3,403	3,342