We are pleased to update you the current China fishmeal market information as below:

CFO China Fishmeal Market Brief (Wk #09/10):
There’s still lack of specific driven up forces to support cash trend of China fishmeal market during earlier of March. Though the entire weekly inventory at main ports has reduced, plus a bigger-than-expected fishmeal off-take, cash trends of super prime are all still below RMB12,000/ton. The reducing fishmeal inventories at both of Shanghai and Huangpu ports couldn’t be seen a signal yet to identify there’s a startup of spring aquatic activity in southern basements, although inventory has respectively cut down 1k tons.

Domestic feeds producers where eye on spring aquatic are still not in a hurry while China soybean meal has apparently taken advantaged status to replace rapeseeds meals and alter feed formulation due to supply flexibility with its easier and cheaper expense at protein content by weight. They think RMB trend of China soybean meal would not that easy to climb up and return due to soybean inventory at China ports accumulating up and high above 9.4 million tons by end of February.

01. RMB Cash Market

Updated: 7/Mar/2016

Unit: mt