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21 Nov 2024

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Cash trend of China fishmeal has been slowing down to RMB15,500/ton at Shanghai port during the week while main ports would soon receive fishmeal cargoes shipped from 1^st anchovy season. These upcoming cargoes would apparently top up inventory of fishmeal stockpiled at main ports in a short term. However, as of current progress at summer breeding, the performance of fishmeal off-take would support fishmeal consumption to slow down inventory before cargoes arrivals.

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 Week28	周数 Week29	环比变化 Changes
大连 Dalian	SD68% 超级	15,900	15,700	-200
大连 Dalian	SD65%普通	12,300	12,200	-100
天津 Tianjin	SD68% 超级	15,900	15,700	-200
天津 Tianjin	SD65%普通	12,400	12,300	-100
上海 Shanghai	SD68% 超级	15,700	15,500	-200
上海 Shanghai	SD65%普通	12,200	12,100	-100
黄埔 Huangpu	SD68% 超级	15,700	15,500	-200
黄埔 Huangpu	SD65%普通	12,200	12,100	-100

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 #29			Wk #28
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	46,680	6,630	5,200	48,110
黄埔Huangpu	115,480	20,110	12,600	122,990
天津 Tianjin	750	210	200	760
大连Dalian	8,790	1,300	1,200	8,890
其他Other	31,050	2,670	3,100	30,620
合计Total Qty	202,750	30,920	22,300	211,370
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				31,510
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 22/Jul /2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #28	Wk #29
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: 22/Jul/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #28	Wk #29	Changes
American Seafood	18,000	18,000	--
Russian WFM-60%-high pro	16,500-17,000	16,500-17,000	--
- 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 #28	周数 Wk #29	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,600	4,600	9 2024	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,700	4,600	8 2024	-100
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 #28	周数 Wk #29	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	7,800-8,000	7,800-8,000	7/8 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:22/Jul/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	3,163	3,105	3,313	3,356
Jan 2025	3,242	3,183	3,388	3,399
May 2025	2,997	2,967	3,082	3,058