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24 Nov 2024

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Cash trend of China fishmeal has been going up to RMB13,800/ton at Shanghai port while catching of 2^nd anchovy season has just accomplished by 83.27%. Chinese fishmeal buyers have mostly thought RMB cash trend would keep strong during 1H of year 2023 basing relatively low super prime supply. Besides it, the weekly fishmeal off-take from China ports has just returned to a regular scale right after holiday ended.

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#06	环比变化 Changes
大连	SD68% 超级	13600	13800	+200
大连	SD65%普通	12600	12800	+200
天津	SD68% 超级	13600	13800	+200
天津	SD65%普通	12600	12800	+200
上海	SD68% 超级	13500	13800	+300
上海	SD65%普通	12300	12600	+300
黄埔	SD68% 超级	13500	13800	+300
黄埔	SD65%普通	12300	12600	+300

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 Ports	Wk #06			Wk #05
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	30420	6590	8900	28110
黄埔Huangpu	87990	13370	14000	87360
天津 Tianjin	1810	210	0	2020
大连Dalian	11480	1480	1600	11360
其他Other	43170	2700	1900	43970
合计Total Qty	174870	24350	26400	172820
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				13520
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 13/Feb/2023		Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #06
Zhejiang	63% / TVN 150 (semi-defatted)	11,700
Zhejiang	65% / TVN 150 (semi-defatted)	12,500
Shandong	65% / TVN 100 (semi-defatted)	12,200

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 #06	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	4200-4300	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	4400-4500	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 be basically keeping strong but exceeding RMB14,200/ton during 1H of year 2023 while anchovy catching has shown relatively low result. Besides it, China market would keep open from previous lockdowns and it could commonly push consumption to a regular size in basic.

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 #06	周数 Wk #05	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	6,300	6,300	04 2023	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	6,300	6,300	03 2023	--
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: 13/Feb/2023				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
May 2023	3,887	3,922	3,917	--
Sep 2023	3,876	3,910	3,882	--
Jan 2024	3,715	3,715	3,728	--