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23 Nov 2024

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Cash trend of China fishmeal has been moving up to RMB14,900/ton at Shanghai port during the week while there’s no firmly progress at starting up 1^st anchovy season. Though IMARPE has just implemented a newly exploratory fishing since May 10-31, the actual startup date of 1^st season would be surely delayed till June.

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 Week19	周数 Week18	环比变化 Changes
大连	SD68% 超级	15000	14500	+500
大连	SD65%普通	14000	13500	+500
天津	SD68% 超级	15000	14500	+500
天津	SD65%普通	14000	13500	+500
上海	SD68% 超级	14900	14500	+400
上海	SD65%普通	13900	13400	+500
黄埔	SD68% 超级	14900	14500	+400
黄埔	SD65%普通	13900	13400	+500

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 #19			Wk #18
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	60240	6750	10000	56990
黄埔Huangpu	125030	13800	14000	124830
天津 Tianjin	1600	210	1000	810
大连Dalian	19830	1960	2600	19190
其他Other	43750	2700	2900	43550
合计Total Qty	250450	25420	30500	245370
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				14000
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 15/May/2023			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #19	Wk #18
Zhejiang	63% / TVN 150 (semi-defatted)	12,800	12,800
Zhejiang	65% / TVN 150 (semi-defatted)	13,300	13,300
Shandong	65% / TVN 100 (semi-defatted)	13,300	13,300

White Fishmeal

Updated: 15/May/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #19	Wk #18	Changes
American Seafood	16,000	15,800~16,000	+200
Russian WFM-60%-high pro	14,000	13,600	+400
- 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 #19	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	5800-5900	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments: Though RMB cash trend has been showing uptrend during the days without actual progress at fishing, there’s surely shown an up-rising fishmeal inventory stockpiled at China ports where may support Chinese users a sufficient fishmeal supply during Q2 and Q3. However, the depreciating currency of RMB would also lift up imported tariff with its landed cost during the days without fishing.

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 #19	周数 Wk #18	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	6,200	6,200	07 2023	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	6,200	6,200	06 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: 15/May/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	3,905	3,815	--	3,554
Sep 2023	3,506	3,544	--	3,425
Jan 2024	3,390	3,473	--	3,406