Welcome to global CFO

21 Sep 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 slightly going down to RMB12,700/ton at Shanghai port during the week while total capacity of fishmeal supply during Q4 in China would be measurably moving up to 300k tons. Domestic fishmeal users would take chance for the time being to trade fishmeal products by a relatively cheaper range.

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 #37	周数 Week #36	环比变化 Changes
大连	SD68% 超级	12900	13000	-100
大连	SD65%普通	11900	12000	-100
天津	SD68% 超级	13100	13200	-100
天津	SD65%普通	12100	12200	-100
上海	SD68% 超级	12700	12800	-100
上海	SD65%普通	11800	11900	-100
黄埔	SD68% 超级	12700	12800	-100
黄埔	SD65%普通	11800	11900	-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 #37			Wk #36
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	39850	7660	2200	45310
黄埔Huangpu	97100	16160	7800	105460
天津 Tianjin	640	120	0	760
大连Dalian	12690	1700	1000	13390
其他Other	47710	2240	2300	47650
合计Total Qty	197990	27880	13300	212570
上周鱼粉出库量				36070
Total FM sold/off-take from ports warehouse previous week:				36070
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 20/Sep/2022			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #37
Zhejiang	63% / TVN 150 (semi-defatted)	10,500
	65% / TVN 150 (semi-defatted)	11,000
Shandong	65% / TVN 100 (semi-defatted)	11,000
- Domestic prices keep strong while spring breeding would be started up soon since earlier of March.

White Fishmeal

Updated: 20/Sep/2022			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #37	Wk #36	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 #37	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	3900-4000	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	4550-4650	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: CFO measures RMB cash trend would keep going down below RMB12,500/ton in a short term at Shanghai port. As of local agent, regional lockdowns brought by covid-19 in the country would be existing till next Q1, and that could further reduce economic activities during this winter and next Chinese lunar New Year.

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 #37	周数 Wk #36	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	6,000	6,000	11 2022	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	6,000	6,000	10 2022	--
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: 20/Sep/2022				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
January 2023	4,023	4,060	3,811	3,762
May 2023	3,736	3,751	3,520	3,496
September 2023	3,716	3,660	--	--