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21 Nov 2024

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Cash trend of China fishmeal has been keeping uptrend by moving up RMB500/ton to RMB18,000/ton during the week at Shanghai port. Such suspended anchovy fishing still makes RMB fishmeal market under highly anxious about lack supply after summer. So far, there’s no clear sign with regarding how 1^st season could be startup again if incidence of juveniles remains high.

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 Week26	周数 Week25	环比变化 Changes
大连	SD68% 超级	18000	17500	+500
大连	SD65%普通	16500	16000	+500
天津	SD68% 超级	18000	17500	+500
天津	SD65%普通	16500	16000	+500
上海	SD68% 超级	18000	17500	+500
上海	SD65%普通	16500	16000	+500
黄埔	SD68% 超级	18000	17500	+500
黄埔	SD65%普通	16500	16000	+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 #26			Wk #25
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	49070	8180	2600	54650
黄埔Huangpu	101740	21460	12000	111200
天津 Tianjin	470	140	0	610
大连Dalian	12490	1530	0	14020
其他Other	40110	2700	1400	41410
合计Total Qty	203880	34010	16000	221890
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				32670
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 3/Jul/2023			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #26	Wk #25
Zhejiang	63% / TVN 150 (semi-defatted)	15,400	14,800
Zhejiang	65% / TVN 150 (semi-defatted)	16,000	15,600
Shandong	65% / TVN 100 (semi-defatted)	15,700	15,400

White Fishmeal

Updated: 3/Jul/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #26	Wk #25	Changes
American Seafood	16,600	16,600	--
Russian WFM-60%-high pro	14,800	14,800	--
- 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 #26	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	5500-5600	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	6000-6100	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments: RMB cash market would be keeping uptrend to constantly make record high till fishing. As of current fishmeal off-take in regular summer RMB market, the feasibly supply of China fishmeal could be gradually approaching 130-150k tons of warning zone in 6-8 weeks. Though other resources may refill it up a little, lack of quality supply from Peru is deemed to make RMB cash trend higher without doubt.

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 #26	周数 Wk #25	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	6,000	6,000	08/09 2023	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	6,000	6,000	07 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: 3/Jul/2023				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Sep 2023	3,965	3,787	3,705	3,507
Jan 2024	3,767	3,637	3,577	3,400
May 2024	3,360	3,283	3,273	3,114