1) Weekly Report (Wk # 04)
- Fishmeal Inventory at port is 185,470 mt 
- Weekly off take 20,870 mt
- Weekly arrival 6,000 mt
Full report, please click below link CFO China Feed Market Weekly Update #04/2024

2) Today’s Price Indication (1 February 2024)

Today Comments:
Soybean Meal: As the Lunar New Year approaches, feed mills are executing more contracts, as such SBM inventory continue to decline, and the pressure on soybean meal RMB prices continues to release. However, as the pre-holiday inventory demand gradually comes to an end and factories shut down for holidays, end users demand is weak, Foresee the SBM RMB prices will also follow the U.S. soybeans till new year

Canola/Canola meal: Entering February, China's domestic rapeseed supply is still generally sufficient, The demand is getting weaker due to pre-holiday purchase basically completed. 

Fishmeal: Chinese market is quiet and buyers are entering holiday mood. The RMB cash market unlikely to fluctuate significantly and is mainly stable.

Remark:
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