Welcome to global CFO

31 Jul 2024

Sources:

CFO Exclusive

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

Cash trend of China fishmeal has been keeping flat at RMB15,500/ton at Shanghai port during the week while fishmeal off-take from main ports remains itself at the typical summer range of 30-32k tons. However, as of CFO records, China ports have just started up receiving fishmeal cargoes shipped from 1^st anchovy season. And, that is apparently showing a 25-30% of growth at regular arrivals during summer. RMB cash trend cloud be gradually slowing down a little while there’s an expansion of total inventory stockpiled at main ports.

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 Week29	周数 Week30	环比变化 Changes
大连 Dalian	SD68% 超级	15,700	15,700	0
大连 Dalian	SD65%普通	12,200	12,200	0
天津 Tianjin	SD68% 超级	15,700	15,700	0
天津 Tianjin	SD65%普通	12,300	12,300	0
上海 Shanghai	SD68% 超级	15,500	15,500	0
上海 Shanghai	SD65%普通	12,100	12,100	0
黄埔 Huangpu	SD68% 超级	15,500	15,500	0
黄埔 Huangpu	SD65%普通	12,100	12,100	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 #30			Wk #29
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	53,940	6,740	14,000	46,680
黄埔Huangpu	120,820	20,660	26,000	115,480
天津 Tianjin	640	210	100	750
大连Dalian	8,690	1,300	1,200	8,790
其他Other	31,390	2,660	3,000	31,050
合计Total Qty	215,480	31,570	44,300	202,750
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				30,920
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 29/Jul /2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #29	Wk #30
Zhejiang	63% / TVN 150 (semi-defatted)	12,000	11,700
Zhejiang	65% / TVN 150 (semi-defatted)	12,600	12,300
Shandong	65% / TVN 100 (semi-defatted)	12,400	12,000

White Fishmeal

Updated: 29/Jul/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #29	Wk #30	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 #29	周数 Wk #30	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%	4,600	4,600	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

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 #29	周数 Wk #30	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	7,800-8,000	7,800-8,000	8/9 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:29/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	3,101	3,163	3,105	3,313
Jan 2025	3,167	3,242	3,183	3,388
May 2025	2,953	2,997	2,967	3,082