1. FISHMEAL

A. Import Statistics:
-  Jan - June 2017: 742,340 mt (avg US$1,448/mt CIF) including 408,000 mt ex Peru.
-  June 2017- 121,434 mt
-  Jan-June 2016: 519,638 mt
-  Jan-Dec 2016: 1.03 millions tons (annual avg. 1,554/mt CIF)

B. Chinese Market Today: 

-  Per importing statistics, Peru sold closed to 60% parcel to China during FH 2017
-  inventory at China main ports this week 145,000 mt slightly higher than July
-  Chinese market is firm & up mainly because Peru completed only 84% of quota, and peak fishmeal consumption during summer.
-  Week 30 total fishmeal ex port warehouse reached 27,400 mt.
-  Fishing ban in China from 1st of June to Mid-end Aug
-  Indication: Super prime RMB 11,000/mt level, about 300mt up in a week

2. Meat and Bone Meal 45% & 50%
A. Import Statistics:

-  Jan-June 2017: 50,730 mt ( Avg CIF US$480/mt ) including June 7,962 mt

-  Jan-June 2016:  43,604  mt 

-  Total import in 2016: 83,606 mt  (annual Avg. US$407/mt CIF)

B. Chinese Market Today: 

-  MBM market is slowing down mainly due to weak SBM. 

-  Soybean supply is over demand, causing SBM price continuing weak.

-  Indication RMB 2,760-2,880 range
-  Formula started changing when MBM int’l price over US$500/mt level

3. Poultry Meal 65% (mainly from USA)

A. Import Statistics:85,240 mt  (Avg. CIF US$850/mt ) including June 13,605 mt

-  Jan-June 2016: 66,350 mt

-  Jan- Dec 2016: 141,371 mt  (annual avg US$840/mt CIF)



B. Chinese Market Today: 

-  Poultry meal domestic sales is moving much slower entering July mainly due to weak fishmeal at that time.  Since Aug, fishmeal market is getting improving and we estimated that PBM is going to be stop declining
-  Indication RMB 7,400-7,500/mt depending on brand and quality.

4. Canola (mainly from Canada)
-  Jan-June 2017: 2.63 millions tons (avg CIF US$452/mt) including June 534,606 mt
-  Jan-Dec 2016: 3.565 millions tons ( annual avg US$418/mt CIF)

5. Canola Meal
-  Major consumption of Canola meal in China is for aquaculture.

-  Indication: US$ 2,350/mt which is slightly lower in comparison Jun
-  Canola meal market is following SBM and at a weaker tendency 


Remark:
-  Above averaged price is for reference only as mixed with various quality & origins
Hope above information is helpful,
-  Please feel free to contact us if any queries, China License & importing regulation.





Best Regards,

Charles Wang

Tel: 852- 2871 0708 Fax: 852- 2871 0950

Email: cfo@chinafeedonline.com

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