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24 Nov 2024

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Cash trend of China fishmeal has been slightly going down to RMB15,400/ton at Shanghai port during the week while total inventory stockpiled at main ports keeps increment due to newly arrivals of cargoes shipped from Peru. China domestic breeding in summer has been going on a regular scale for weeks and it is still good to leverage previous high-rise fishmeal inventory at ports.

However, local expertise has mentioned RMB cash trend would measurably step down during summer when China domestic fishing season would be started up soon to expand total capacities since earlier of Sept.

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 Week30	周数 Week31	环比变化 Changes
大连 Dalian	SD68% 超级	15,700	15,500	-200
大连 Dalian	SD65%普通	12,200	12,100	-100
天津 Tianjin	SD68% 超级	15,700	15,500	-200
天津 Tianjin	SD65%普通	12,300	12,100	-200
上海 Shanghai	SD68% 超级	15,500	15,400	-100
上海 Shanghai	SD65%普通	12,100	12,100	0
黄埔 Huangpu	SD68% 超级	15,500	15,400	-100
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 #31			Wk #30
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	58,190	6,750	11,000	53,940
黄埔Huangpu	127,040	20,780	27,000	120,820
天津 Tianjin	530	210	100	640
大连Dalian	9,890	1,300	2,500	8,690
其他Other	31,980	2,710	3,300	31,390
合计Total Qty	227,630	31,750	43,900	215,480
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				31,570
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 05/Aug /2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #30	Wk #31
Zhejiang	63% / TVN 150 (semi-defatted)	11,700	11,700
Zhejiang	65% / TVN 150 (semi-defatted)	12,300	12,300
Shandong	65% / TVN 100 (semi-defatted)	12,000	12,000

White Fishmeal

Updated: 05/Aug/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #30	Wk #31	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 #30	周数 Wk #31	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,600	4,500-4,600	9 2024	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,600	4,600	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

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 #30	周数 Wk #31	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	7,800-8,000	7,800-8,000	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:05/Aug/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	3,055	3,101	3,163	3,105
Jan 2025	3,135	3,167	3,242	3,183
May 2025	2,938	2,953	2,997	2,967