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23 Nov 2024

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Cash trend of China fishmeal has been remaining firm at the range of RMB11,700/ton at Shanghai port while Chinese are gradual moving into lunar New Year Holiday. Meanwhile, there’s a slowing down fishmeal off-take from main ports due to holiday and it keeps the entire stockpiles of China fishmeal at ports not less than 60k tons.

According to CFO information, the general outputs of China feeds during 2H of 2020 has commonly stepped into a recovery stage in each specie if there’s a real slowing down outspread of covid-19 in the country. Such reportedly recovery has moved up to the top during Q4 especially there’s a biggest output for China live pig in Dec of 2020.

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 #05	周数 Week #04	环比变化 Changes
大连	SD68% 超级	12000	12000	0
大连	SD65%普通	10500	10500	0
天津	SD68% 超级	12000	12000	0
天津	SD65%普通	10600	10600	0
上海	SD68% 超级	11700	11700	0
上海	SD65%普通	10200	10200	0
黄埔	SD68% 超级	11700	11700	0
黄埔	SD65%普通	10200	10200	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 #05			Wk 04
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	10320	4190	2300	12210
黄埔Huangpu	30020	7500	11000	26520
天津 Tianjin	330	180	200	310
大连Dalian	2830	1240	1600	2470
其他Other	17860	2280	1500	18640
合计Total Qty	61360	15390	16600	60150
上周鱼粉出库量				21040
Total FM sold/off-take from ports warehouse previous week:				21040
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 8/Feb/2021			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #05	Wk #04
Zhejiang	63% / TVN 130 (semi-defatted)	9,400	9,400
Zhejiang	65% / TVN 130 (semi-defatted)	10,000	10,000
Shandong	65% / TVN 100 (semi-defatted)	10,100	10,100
- Prices has moved up a little with the imported fishmeal.

White Fishmeal

Updated: 8/Feb/2021			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #05	Wk #04	Changes
American Seafoods	15,600~15,800	16,000~16,200	-400
Russian WFM - 60% - high pro	13,200	13,500~13,800	-300
- 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 #05	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	1650-1750	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	1700-1800	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	1750-1850	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	1900-2000	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: CFO has generally thought that there’s a typical recovery of total outputs of China feeds during 2H of 2020. Especially there’s a biggest output for specie of China live pig based on CFO’s estimation by each specie lately. It could be an evidence that tells China live pig has actually supported the consumption of China fishmeal during Q4 of 2020.

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 #05	周数 Wk #04	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,800	4,800	04 2021	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,600	4,600	03 2021	--
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: 8/Feb/2021				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
May 2021	3,460	3,493	3,423	3,677
September 2021	3,488	3,519	3,437	3,695
January 2022	3,329	3,349	3,259	3,503