Welcome to global CFO

31 Aug 2022

Sources:

CFO Exclusive

We (CFO) are pleased to update below China FEED market information for you:

I. FISHMEAL / FISH Oil SECTION

Brief China RMB Cash Market:

Cash trend of China fishmeal has been slowing down to RMB13,000/ton at Shanghai port during the week while total fishmeal inventory stockpiled at ports remains high. Though summer breeding keeps busy, fishmeal cargoes shipped from 1^st season would be gradually approaching China ports and that may rise current stockpiles up to 250k tons or above again in Q4.

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 #34	周数 Week #33	环比变化 Changes
大连	SD68% 超级	13100	13200	-100
大连	SD65%普通	12100	12200	-100
天津	SD68% 超级	13300	13300	0
天津	SD65%普通	12300	12300	0
上海	SD68% 超级	13000	13200	-200
上海	SD65%普通	12100	12200	-100
黄埔	SD68% 超级	13000	13200	-200
黄埔	SD65%普通	12100	12200	-100

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 #34			Wk #33
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	39890	9200	4400	44690
黄埔Huangpu	90930	17030	21000	86960
天津 Tianjin	760	140	0	900
大连Dalian	12660	2070	2600	12130
其他Other	46280	2720	3300	45700
合计Total Qty	190520	31160	31300	190380
上周鱼粉出库量				30950
Total FM sold/off-take from ports warehouse previous week:				30950
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 30/Aug/2022			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #34	Wk #33
Zhejiang	63% / TVN 150 (semi-defatted)	10,800	10,800
Zhejiang	65% / TVN 150 (semi-defatted)	11,500	11,500
Shandong	65% / TVN 100 (semi-defatted)	11,400	11,400
- Domestic prices keep strong while spring breeding would be started up soon since earlier of March.

White Fishmeal

Updated: 30/Aug/2022			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #34	Wk #33	Changes
American Seafoods	15,500~15,800	15,500~15,800	--
Russian WFM - 60% - high pro	13,500	13,500	--
- 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 #34	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	3700-3750	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	-	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	-	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	4300-4400	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: The recent depreciating currency of RMB with its involved product landed cost doesn’t move up cash trend of RMB market at all. CFO measures the reducing RMB cash trend would keep going till hearing newly announcement for 2^nd fishing season. Meanwhile, the going up fishmeal inventory at China ports could be seen during Sept where arrivals of cargoes shipped from 1^st season would gradually approach.

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 #34	周数 Wk #33	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	5,900	5,900	10/11 2022	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	5,900	5,800	09/10 2022	+100
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/Aug/2022				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
September 2022	4,313	4,332	4,069	4,009
January 2023	3,762	3,853	3,675	3,685
May 2023	3,499	3,566	3,427	3,436