Welcome to global CFO

01 Mar 2023

Sources:

CFO Exclusive

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

FISHMEAL / FISH Oil SECTION

Brief China RMB Cash Market:

Cash trend of China fishmeal has been keeping steady at RMB13,800/ton at Shanghai port though inventory of China fishmeal at main ports has grown up to exceed 180k tons during earlier of March. Such increment could be keeping expansion in a short term while China ports keep receiving fishmeal products from other resources.

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# 08	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 #08			Wk #07
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	40610	6000	15000	31610
黄埔Huangpu	87890	13740	14000	87630
天津 Tianjin	1390	210	0	1600
大连Dalian	12560	1750	2400	11910
其他Other	42580	2710	2800	42490
合计Total Qty	185030	24410	34200	175240
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				22930
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 27/Feb/2023			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #08	Wk #07
Zhejiang	63% / TVN 150 (semi-defatted)	11,800	11,700
Zhejiang	65% / TVN 150 (semi-defatted)	12,800	12,500
Shandong	65% / TVN 100 (semi-defatted)	12,500	12,200

White Fishmeal

Updated: 27/Feb/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #08	Wk #07	Changes
American Seafood	15,800~16,000	15,800~16,000	--
Russian WFM-60%-high pro	13,600	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 #08	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: Cargo arrivals keep up to support potential demands after relief from lockdowns. CFO measures RMB cash trend could be keeping firm though inventory has simultaneously grown up to exceed 180k tons. Spring breeding has been keeping steady while fishmeal off-take from ports remains regular size at the range of 24-25k tons per week.

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 #08	周数 Wk #07	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: 27/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	3,786	3,857	3,887	3,922
Sep 2023	3,814	3,879	3,876	3,910
Jan 2024	3,697	3,721	3,715	3,715