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22 Nov 2024

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Cash trend of China fishmeal has been keeping flat at RMB16,200/ton at Shanghai port during the week while there’s a going up fishmeal off-take from main ports. Such increment at the volume of fishmeal off-take could be seem as an indication that summer breeding activities could be aggressively moving on from this week.

However, total fishmeal inventory stockpiled at China ports would be keeping at high level till receipt of newly manufactured fishmeal products from 1^st season. Though incidence of juveniles keeps high, RMB cash trend would not be showing apparent fluctuation before July.

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 Week20	环比变化 Changes
大连 Dalian	SD68% 超级	16,300	16,300	0
大连 Dalian	SD65%普通	12,300	12,300	0
天津 Tianjin	SD68% 超级	16,400	16,400	0
天津 Tianjin	SD65%普通	12,400	12,400	0
上海 Shanghai	SD68% 超级	16,200	16,200	0
上海 Shanghai	SD65%普通	12,200	12,200	0
黄埔 Huangpu	SD68% 超级	16,200	16,200	0
黄埔 Huangpu	SD65%普通	12,200	12,200	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 #20			Wk #19
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	58,260	7,050	6,700	58,610
黄埔Huangpu	161,380	19,900	8,200	173,080
天津 Tianjin	1,540	140	400	1,280
大连Dalian	8,480	1,500	1,400	8,580
其他Other	32,390	2,730	2,400	32,720
合计Total Qty	262,050	31,320	19,100	274,270
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				22,660
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 20/May/2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #19	Wk #20
Zhejiang	63% / TVN 150 (semi-defatted)	12,000	12,000
Zhejiang	65% / TVN 150 (semi-defatted)	12,600	12,600
Shandong	65% / TVN 100 (semi-defatted)	12,400	12,400

White Fishmeal

Updated: 20/May/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #19	Wk #20	Changes
American Seafood	18,000	18,000	--
Russian WFM-60%-high pro	16,500	16,500	--
- An indication only, pricing range due to various quality, freshness and brand. - Above prices are importing duties paid.

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/包装 Origin/Packing	蛋白 Protein	周数 Wk #19	周数 Wk #20	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,700	4,700	5/6 2024	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,800	4,800	5/6 2024	--
此价格每周更新非实盘仅供参考 Price is updated weekly just an indication for reference only

鸡肉粉参考价格（人民币/吨） Poultry Meal Price Ideas (RMB/mt)
产地/包装 Origin/Packing	蛋白 Protein	周数 Wk #19	周数 Wk #20	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	8,300	8,300	5/6 2024	--
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: 20/May/2024				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Sep 2024	3,583	3,559	3,475	3,375
Jan 2025	3,514	3,475	3,418	3,352
May 2025	3,184	--	--	--