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22 Nov 2024

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Cash trend of China fishmeal has been showing strengthening up status during the week while there’s a concern about lack fishmeal supply before framing up 2^nd anchovy season in the Northern and central seas of Peru. Due to 85.8% of fishing achievement against that initiated quota for 1^st anchovy season, it means there will be measurably showing sort of tight fishmeal production except those pre-sold cargoes from Peru.

Till August 7, cash trend of China fishmeal has apparently moved up to RMB10,800-11,000/ton at Shanghai port. That’s an apparent rebound by moving up hundreds of RMB per ton in a few days right after the ends of 1^st anchovy season of Peru.

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 #31	周数 Week #30	环比变化 Changes
大连 Dalian	超级Super Prime 68%	10900-11000	10700-10800	+200
大连 Dalian	普通Standard 65%	9700	9600-9700	+50
天津 Tianjin	超级 Super Prime 68%	11000-11200	10800	+300
天津 Tianjin	普通 Standard 65%	9700-9800	9700	+50
上海 Shanghai	超级 Super Prime 68%	10700-11000	10600	+250
上海 Shanghai	普通 Standard 65%	9600	9500-9600	+50
黄埔 Huangpu	超级 Super Prime 68%	10700-11000	10600	+250
黄埔 Huangpu	普通 Standard 65%	9600	9500-9600	+50

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 #31			Wk #30
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	52440	9100	11000	50540
黄埔Huangpu	49500	10600	12000	48100
天津 Tianjin	850	350	200	1000
大连Dalian	8370	2600	0	10970
其他Other	34650	3600	6900	31350
合计Total Qty	145810	26250	30100	141960
上周鱼粉出库量				27400
Total FM sold/off-take from ports warehouse previous week:				27400
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 7/Aug/2017			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #31	Wk #30
Zhejiang	60% / TVN 150 (semi-defatted)	8,700 - 8,800	8,700 - 8,800
Zhejiang	62% / TVN 130 (semi-defatted)	9,000	9,000
Shandong	63% / TVN 150 (semi-defatted)	9,200	9,200
- China resumes to fishing by 16 August. Fishing for direct human use would be set as priority during the beginning stage.

White Fishmeal

Updated: 7/Aug/2017			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #31	Wk #30	Changes
American Seafoods	13,200	13,200	--
Russian WFM - 60% - high pro	10,500~10,600	10,500~10,600	--
- An indication only, prices ranges 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 #31	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	1400-1450	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	1500-1550	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	1600-1650	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	1800-1900	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: Besides the active summer aquatic industry, CFO estimates there’s a need to expand the breeding of baby pig to meet up with the progress at doing intensive farming in China. That will be good to work with aquatic breeding to support short-term trend of China fishmeal in Q3.

On the supply side, China fishmeal importers aim at how Peruvians move on fishmeal supply before framing up 2^nd season for the Northern-central area, if the achieved 85.8% of anchovy caught would not be plentiful enough to cover up extra demand before 2^nd season.

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 #31	周数 Wk #30	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,400	4,400	9 2017	--
澳洲，散装／牛 Australia, beef Bulk	50%	4,700~4,750	4,650~4,700	9 2017	+50
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: 7/Aug/2017				Unit: RMB/mt
China Soybean Meal Market Futures Price Week #32
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
September 2017	2,804	2,839	2,805	2,816
January 2018	2,773	2,841	2,829	2,833
May 2018	2,705	2,770	2,759	2,766

The price of China soybean meal keeps weak due to large amounts of soybean cargoes arrived at China main ports. And, the current breeding size of China live pig is not strong enough to meet up with such huge imported cargoes. Don’t mention about other applicable feeds utilizations in the country, the progress at doing intensive farming for China live pig must be speedy up.

III. CFFA Conference – Registration Starts

The 16^th CFFA Conference to be held during 16-17/Oct/2017 in Beijing.

Program Outline:

16/Oct/2017 (Monday):

8:30 - 09:30 Registration

9:30 - 15:00 Industrial & Social Tour * (the one you can't miss)

- Visiting the largest premix feed mill & specialized in piglet feed in China

- Touring APEC Beijing, Yanqi Lake nearby the Great Wall area.

18:00 - 20:00 Welcome networking dinner

17/Oct/2017 (Tuesday):

09:00 - 12:00 Market Update (Supply & Demand)

12:00 - 13:30 Group networking lunch