Welcome to global CFO

23 Nov 2024

Join Now | Free Trial | Login | Membership

Cash trend of China fishmeal has been remaining firm at RMB12,500/ton during the week while weekly arrival of China fishmeal has not only moved up to 21.1k tons but also pushed entire inventory up to 172k tons. The current inventory stockpiled at China ports seems to big enough to cover up spring breeding during Q2, however, there’s still a risk at the following fishmeal production and shipment from Peru if 1^st season remains itself a uncertain circumstance.

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 #11	周数 Week #10	环比变化 Changes
大连	SD68% 超级	12500	12500	0
大连	SD65%普通	11100	11100	0
天津	SD68% 超级	12600	12600	0
天津	SD65%普通	11300	11300	0
上海	SD68% 超级	12500	12500	0
上海	SD65%普通	11100	11100	0
黄埔	SD68% 超级	12500	12500	0
黄埔	SD65%普通	11100	11100	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	40820	3790	4600	40010
黄埔Huangpu	71430	9090	8000	72520
天津 Tianjin	1120	140	200	1060
大连Dalian	14460	1700	5450	10710
其他Other	44990	2660	2900	44750
合计Total Qty	172820	17380	21150	169050
上周鱼粉出库量				20610
Total FM sold/off-take from ports warehouse previous week:				20610
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 23/Mar/2022			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)	10,400	10,200
Zhejiang	65% / TVN 130 (semi-defatted)	11,200	11,000
Shandong	65% / TVN 100 (semi-defatted)	11,000	10,800
- Domestic prices keep strong while spring breeding would be started up soon since earlier of March.

White Fishmeal

Updated: 23/Mar/2022			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #11	Wk #10	Changes
American Seafoods	14,800~15,000	14,800~15,000	--
Russian WFM - 60% - high pro	12,800	12,800	--
- 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	3200-3250	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	3300-3350	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	3400-3450	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	3200-3300	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: CFO measures cash trend of China fishmeal could be gradually moving up to RMB13,000/ton due to going up shipping expenses brought by fuel, ocean freight and cargo booking arrangements. Besides that, 1^st anchovy season of 2022 is still uncertain when incidence of juveniles is still high enough to delay fishing in 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%	5,500	5,400	05 2022	+100
澳大利亚，散装／牛 Australia, beef Bulk	50%	5,400	5,300	04 2022	+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: 23/Mar/2022				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
May 2022	4,277	4,219	4,041	3,862
September 2022	4,110	4,047	3,893	3,747
January 2023	3,800	3,744	3,602	3,521