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24 Nov 2024

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Cash market of China fishmeal has been going down to RMB11,100/ton during the week at Shanghai port while there’s a hampered fishmeal demand during earlier stage of spring breeding in south-eastern area. Current fishmeal consumption located in south-eastern hasn’t yet moved into a busy breeding circumstance, and that could make increment at fishmeal stockpiles at China ports right after receiving cargoes from Peru.

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 #10	周数 Week #09	环比变化 Changes
大连	SD68% 超级	11100	11400	-300
大连	SD65%普通	9600	9900	-300
天津	SD68% 超级	11400	11600	-200
天津	SD65%普通	10000	10200	-200
上海	SD68% 超级	11100	11400	-300
上海	SD65%普通	9600	9900	-300
黄埔	SD68% 超级	11100	11400	-300
黄埔	SD65%普通	9600	9900	-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 #10			Wk 09
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	41060	7190	11000	37250
黄埔Huangpu	44560	7410	11000	40970
天津 Tianjin	590	140	300	430
大连Dalian	11880	1540	3600	9820
其他Other	20190	2710	3600	19300
合计Total Qty	118280	18990	29500	107770
上周鱼粉出库量				18840
Total FM sold/off-take from ports warehouse previous week:				18840
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 15/Mar/2021			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #10	Wk #09
Zhejiang	63% / TVN 130 (semi-defatted)	9,300	9,300
Zhejiang	65% / TVN 130 (semi-defatted)	9,800	9,800
Shandong	65% / TVN 100 (semi-defatted)	10,000	10,000
- Price has slowed down a little with the imported fishmeal.

White Fishmeal

Updated: 15/Mar/2021			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #10	Wk #09	Changes
American Seafoods	16,500	15,600~15,800	+900
Russian WFM - 60% - high pro	14,000	13,200	+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 #10	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: CFO measures RMB cash market could be tentatively slowing down to RMB11,000/ton if there’s a delayed breeding activity during earlier stage of spring. Meanwhile, the increment at the stockpiles of China fishmeal would be keeping going up to approach 150k tons in a short term if there’s a hampered fishmeal consumption at the season end.

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 #10	周数 Wk #09	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,800	4,800	05 2021	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,700	4,700	04 2021	--
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: 15/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	3,199	3,423	3,422	3,500
September 2021	3,282	3,502	3,470	3,531
January 2022	3,228	3,429	3,422	3,403