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24 Nov 2024

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Cash trend of China fishmeal has been keeping RMB13,800/ton at Shanghai port during the week while spring breeding has just commenced since earlier of the month. As of the latest fishmeal off-take from ports, breeding in spring has shown slow moment so far without rocketing recovery from previous lockdowns.

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# 07	周数 Week# 06	环比变化 Changes
大连	SD68% 超级	13800	13800	0
大连	SD65%普通	12800	12800	0
天津	SD68% 超级	13800	13800	0
天津	SD65%普通	12800	12800	0
上海	SD68% 超级	13800	13800	0
上海	SD65%普通	12600	12600	0
黄埔	SD68% 超级	13800	13800	0
黄埔	SD65%普通	12600	12600	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 Ports	Wk #07			Wk #06
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	31610	5810	7000	30420
黄埔Huangpu	87630	12860	12500	87990
天津 Tianjin	1600	210	0	1810
大连Dalian	11910	1270	1700	11480
其他Other	42490	2780	2100	43170
合计Total Qty	175240	22930	23300	174870
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				24350
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 20/Feb/2023		Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	WK #07
Zhejiang	63% / TVN 150 (semi-defatted)	11,700
Zhejiang	65% / TVN 150 (semi-defatted)	12,500
Shandong	65% / TVN 100 (semi-defatted)	12,200

White Fishmeal

Updated: 20/Feb/2023		Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #07
American Seafood	15,800~16,000
Russian WFM-60%-high pro	13,600
- 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 #07	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	-	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	-	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments: CFO measures there’s to be a prospective recovery from previous lockdowns. During rest of 1H, RMB cash trend could be keeping strong based on step jump demands since May if summer breeding could lead industry back to a regular consumption.

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 #07	周数 Wk #06	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: 20/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	3,857	3,887	3,922	3,917
Sep 2023	3,879	3,876	3,910	3,882
Jan 2024	3,721	3,715	3,715	3,728