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24 Nov 2024

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Cash market of China fishmeal has been going down to RMB11,300-11,400/ton during the week at Shanghai port though there’s a slightly increment at fishmeal off-take from main ports. As of recent records, summer aquatic breeding has gradually started up from southern farms and it has geared up a little of the fishmeal off-take from Shanghai.

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 #21	周数 Week #22	环比变化 Changes
大连	SD68% 超级	11400	11400	0
大连	SD65%普通	10100	10100	0
天津	SD68% 超级	11500	11500	0
天津	SD65%普通	10200	10200	0
上海	SD68% 超级	11400	11400	0
上海	SD65%普通	10100	10100	0
黄埔	SD68% 超级	11400	11400	0
黄埔	SD65%普通	10100	10100	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 #22			Wk 21
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	71360	7210	5600	72970
黄埔Huangpu	133760	15500	15500	133760
天津 Tianjin	3440	480	300	3620
大连Dalian	12650	1520	1800	12370
其他Other	34740	2930	3500	34170
合计Total Qty	255950	27640	26700	256890
上周鱼粉出库量				19830
Total FM sold/off-take from ports warehouse previous week:				19830
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 8/Jun/2021			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #22	Wk #21
Zhejiang	63% / TVN 130 (semi-defatted)	9,500	9,500
Zhejiang	65% / TVN 130 (semi-defatted)	10,000	10,000
Shandong	65% / TVN 100 (semi-defatted)	10,300	10,300
- Shandong and Liaoning are slowing down production to move into ban season.

White Fishmeal

Updated: 8/Jun/2021			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #22	Wk #21	Changes
American Seafoods	16,500	16,500	--
Russian WFM - 60% - high pro	14,000	14,000	--
- 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 #22	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	1950-2050	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	2000-2100	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	2050-2150	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	2300-2400	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: CFO estimates RMB cash trend could be gradually slowing down to RMB11,000/ton to meet up with the expectedly slowing down landed cost of the imported fishmeal that brought by current appreciating currency of RMB. Besides it, the present inventory of China fishmeal stockpiled at main ports has nearly performed 260k tons that could indicate itself a relatively higher supply capacity in general through whole summer.

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 #22	周数 Wk #21	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,800	4,800	07/08 2021	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,700	4,700	06 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: 8/Jun/2021				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
September 2021	3,622	3,521	3,528	3,606
January 2022	3,621	3,509	3,501	3,582
May 2022	3,416	3,303	3,313	3,300