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22 Nov 2024

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Cash trend of China fishmeal has been keeping firm at RMB17,500/ton at Shanghai port during the week while total fishmeal inventory stockpiled at ports remain increment. Such increasing status was generally resulted from receiving other grades of fishmeal products from other resources. However, it would keep topping total inventory of China fishmeal up to 200k tons soon.

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 Week47	周数 Week48	环比变化 Changes
大连	SD68% 超级	17600	17600	0
大连	SD65%普通	15500	15000	-500
天津	SD68% 超级	17800	17800	0
天津	SD65%普通	15500	15000	-500
上海	SD68% 超级	17500	17500	0
上海	SD65%普通	14200	13800	-400
黄埔	SD68% 超级	17500	17500	0
黄埔	SD65%普通	14200	13800	-400

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 #48			Wk #47
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	34270	2680	4900	32050
黄埔Huangpu	125480	9640	22000	113120
天津 Tianjin	230	70	0	300
大连Dalian	4020	670	400	4290
其他Other	31310	2700	3600	30410
合计Total Qty	195310	15760	30900	180170
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				15810
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 4/Dec/2023			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #48	Wk #47
Zhejiang	63% / TVN 150 (semi-defatted)	10,800	10,800
Zhejiang	65% / TVN 150 (semi-defatted)	12,000	12,000
Shandong	65% / TVN 100 (semi-defatted)	11,300	11,300

White Fishmeal

Updated: 4/Dec/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #48	Wk #47	Changes
American Seafood	17,500~18,000	18,500~18,800	-900
Russian WFM-60%-high pro	16,500	17,300	-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 #48	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	5100-5200	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	10000+	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments: Cash trend of super prime product in China market would keep firm at RMB17,500/ton at Shanghai port due to reportedly 60% of high incidence of juveniles during fishing. However, other grades of fishmeal products would keep apparent slowing down status in RMB cash market due to plentiful deliveries of other grades shipped to China ports lately.

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 #48	周数 Wk #47	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	5,000~5,500	5,000~5,100	3 2024	+200
澳大利亚, 散装/牛 Australia, beef Bulk	48%	5,000~5,400	5,000	12 2023/1 2024	+200
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: 4/Dec/2023				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Jan 2024	3,886	3,902	3,987	4,058
May 2024	3,366	3,425	3,493	3,531
Sep 2024	3,382	3,448	3,505	3,539