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24 Nov 2024

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Cash trend of China fishmeal has been remaining strong at RMB18,900/ton at Shanghai port during the week while total inventories are climbing up to exceed 160k tons. After the receipt of fishmeal cargoes shipped from other resources, there’s performing an increment at total inventory stockpiled at China ports. Meanwhile, China domestic fishmeal productions would be soon getting ready since earlier of Sept.

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 Week34	周数 Week33	环比变化 Changes
大连	SD68% 超级	18900	18900	0
大连	SD65%普通	17400	17400	0
天津	SD68% 超级	18900	19000	-100
天津	SD65%普通	17400	17500	-100
上海	SD68% 超级	18900	18900	0
上海	SD65%普通	17400	17400	0
黄埔	SD68% 超级	18900	18900	0
黄埔	SD65%普通	17400	17400	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 #34			Wk #33
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	34680	6430	15000	26110
黄埔Huangpu	86610	13980	26000	74590
天津 Tianjin	330	70	100	300
大连Dalian	7470	820	1100	7190
其他Other	33050	2700	2500	33250
合计Total Qty	162140	24000	44700	141440
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				26550
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 28/Aug/2023			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #34	Wk #33
Zhejiang	63% / TVN 150 (semi-defatted)	17,300	17,300
Zhejiang	65% / TVN 150 (semi-defatted)	18,000	18,000
Shandong	65% / TVN 100 (semi-defatted)	17,800	17,800

White Fishmeal

Updated: 28/Aug/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #34	Wk #33	Changes
American Seafood	19,000	19,000	--
Russian WFM-60%-high pro	17,500	17,500	--
- 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 #34	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	5400-5500	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	9000+	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments: Cash trend of China fishmeal would be lowered a little after the receipt of large amounts of cargoes shipped from other resources. Meanwhile, China domestic fishmeal productions would more or less provide flexibilities at dealing range. Basing suspended anchovy season remains exist and depreciated currency of RMB, Chinese fishmeal users would surely return to see cost saving by utilizing domestic productions prior to others.

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 #34	周数 Wk #33	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	6,000	6,000	10 2023	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	6,000	6,000	09 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: 28/Aug/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	4,920	4,957	4,509	4,372
Jan 2024	4,120	4,088	3,883	3,770
May 2024	3,519	3,548	3,420	3,292