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13 Nov 2024

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Cash market of China fishmeal has been slightly going down to RMB11,000/ton at Shanghai port during the week while spring breeding activity has not yet moved up to a rational level. However, the accumulating up fishmeal stockpiles at main ports would be continuously showing expansion till end of the month if China ports keep receiving fishmeal 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 #11	环比变化 Changes
大连	SD68% 超级	11100	11000	-100
大连	SD65%普通	9600	9600	0
天津	SD68% 超级	11400	11300	-100
天津	SD65%普通	10000	9900	-100
上海	SD68% 超级	11100	11000	-100
上海	SD65%普通	9600	9600	0
黄埔	SD68% 超级	11100	11000	-100
黄埔	SD65%普通	9600	9600	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 #11			Wk 10
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	44170	7190	10300	41060
黄埔Huangpu	46800	7360	9600	44560
天津 Tianjin	1450	140	1000	590
大连Dalian	12700	1480	2300	11880
其他Other	20140	2650	2600	20190
合计Total Qty	125260	18820	25800	118280
上周鱼粉出库量				18990
Total FM sold/off-take from ports warehouse previous week:				18990
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 22/Mar/2021			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #11	Wk #10
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
- Prices are firm so far while Chinese move into earlier spring breeding.

White Fishmeal

Updated: 22/Mar/2021			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #11	Wk #10	Changes
American Seafoods	16,500	16,500	+900
Russian WFM - 60% - high pro	14,000	14,000	+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 #11	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 keeping firm at RMB11,000/ton by end of March if there’s a rational fishmeal consumption during earlier stage of spring breeding. However, as of CFO records lately, the accumulating up stockpiles of China fishmeal at ports would be continuously showing expansion to gain up inventory during rest of March and April. And, CFO estimates those measurably gaining up volume at China ports would be mostly contributed from Peru.

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 #11	周数 Wk #10	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: 22/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	3,288	3,199	3,423	3,422
September 2021	3,377	3,282	3,502	3,470
January 2022	3,280	3,228	3,429	3,422