Welcome to global CFO

04 Jan 2022

Sources:

CFO Exclusive

We (CFO) are pleased to update below China FEED market information for you:

I. FISHMEAL / FISH Oil SECTION

Brief China RMB Cash Market:

Cash trend of China fishmeal has been remaining steady at RMB11,900/ton at Shanghai port while there’s a reducing stockpiles of China fishmeal at ports. Due to holiday, there’s a slowing down fishmeal off-take from ports, but such reducing status could be keeping exist for 2 more weeks till lunar New Year.

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 #51	周数 Week #52	环比变化 Changes
大连	SD68% 超级	11900	11900	0
大连	SD65%普通	10700	10700	0
天津	SD68% 超级	12100	12100	0
天津	SD65%普通	10800	10800	0
上海	SD68% 超级	11900	11900	0
上海	SD65%普通	10700	10700	0
黄埔	SD68% 超级	11900	11900	0
黄埔	SD65%普通	10700	10700	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 #52			Wk 51
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	48580	5050	1000	52630
黄埔Huangpu	87760	8860	4400	92220
天津 Tianjin	1170	160	200	1130
大连Dalian	10210	1690	2100	9800
其他Other	43300	3040	3200	43140
合计Total Qty	191020	18800	10900	198920
上周鱼粉出库量				17040
Total FM sold/off-take from ports warehouse previous week:				17040
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 4/Jan/2022			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #52	Wk #51
Zhejiang	63% / TVN 130 (semi-defatted)	9,800	9,800
Zhejiang	65% / TVN 130 (semi-defatted)	10,600	10,600
Shandong	65% / TVN 100 (semi-defatted)	10,400	10,400
- Domestic fishing activity has shown steady status with firm production.

White Fishmeal

Updated: 4/Jan/2022			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #52	Wk #51	Changes
American Seafoods	15,000	15,000	--
Russian WFM - 60% - high pro	13,000	13,000	--
- 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 #52	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	2900-2950	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	3200-3250	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	2400-2450	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	2500-2600	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: CFO measures the reducing stockpiles of China would be keeping exist till later part of January where is about to spend lunar Chinese New Year. The entire stockpile could be slowing down below 185k tons at that moment and it is clearly a fact supports RMB cash trend in basic. However, RMB cash trend would not be keeping strong for a longer term in general due to there’s still a measurably high-rise fishmeal stockpile when smooth cargo arrangements come.

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 #52	周数 Wk #51	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	5,100	5,100	02/03 2022	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	5,000	5,000	01/02 2022	--
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: 4/Jan/2022				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
January 2022	3,435	3,474	3,333	3,304
May 2022	3,247	3,258	3,159	3,124
September 2022	3,289	3,309	3,216	3,178