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23 Nov 2024

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Cash trend of China fishmeal has been keeping firm at the range of RMB12,500/ton while there’s a lockdown in the city of Shanghai. So far, the expanded infection with Omicron virus in certain areas of China would tentatively reduce breeding activities in March and April. Apparently, the result of weekly fishmeal off-take from main ports has shown 20-30% of decrement from previous periods.

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 #12	周数 Week #11	环比变化 Changes
大连	SD68% 超级	12500	12500	0
大连	SD65%普通	11500	11100	+200
天津	SD68% 超级	12600	12600	0
天津	SD65%普通	11600	11300	+200
上海	SD68% 超级	12500	12500	0
上海	SD65%普通	11500	11100	+200
黄埔	SD68% 超级	12500	12500	0
黄埔	SD65%普通	11500	11100	+200

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 #12			Wk 11
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	41510	2510	3200	40820
黄埔Huangpu	71960	9970	10500	71430
天津 Tianjin	1050	70	0	1120
大连Dalian	15350	1110	2000	14460
其他Other	45890	2500	3400	44990
合计Total Qty	175760	16160	19100	172820
上周鱼粉出库量				17380
Total FM sold/off-take from ports warehouse previous week:				17380
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 30/Mar/2022			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #12
Zhejiang	63% / TVN 150 (semi-defatted)	11,000
	65% / TVN 150 (semi-defatted)	11,500
Shandong	65% / TVN 100 (semi-defatted)	11,400
- Domestic prices keep strong while spring breeding would be started up soon since earlier of March.

White Fishmeal

Updated: 30/Mar/2022			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #12	Wk #11	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 #12	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 tentatively firm at recent bidding range till earlier of Q2. However, it could be under certain risks at high-rise shipping expenses and cargo arrangements. Such cost-up parameters would determine how RMB cash trend moves after lockdown in Shanghai.

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 #12	周数 Wk #11	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	5,500	5,500	05 2022	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	5,400	5,400	04 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: 30/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	4,260	4,277	4,219	4,041
September 2022	4,160	4,110	4,047	3,893
January 2023	3,858	3,800	3,744	3,602