Welcome to global CFO

18 Sep 2024

Sources:

CFO Exclusive

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

FISHMEAL SECTION

Cash market of China fishmeal has been recently keeping downtrend by declining RMB200/ton per week at Shanghai port since receiving fishmeal cargoes shipped from 1^st anchovy season. As of China ports authorities, such high-rising fishmeal inventory in total would be increasing for sure till earlier of Q4. And, it would make RMB cash market an apparent downtrend till knowing how IMARPE composes next fishing season.

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 Week36	周数 Week37	环比变化 Changes
大连	SD68% 超级	14000	13800	-200
大连	SD65%普通	11200	10900	-300
天津	SD68% 超级	14000	13800	-200
天津	SD65%普通	11200	10900	-300
上海	SD68% 超级	14000	13800	-200
上海	SD65%普通	11200	10900	-300
黄埔	SD68% 超级	14000	13800	-200
黄埔	SD65%普通	11200	10900	-300

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 #37			Wk #36
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	85,460	9,250	15,000	79,710
黄埔Huangpu	197,610	27,190	45,000	179,800
天津 Tianjin	2,410	270	400	2,280
大连Dalian	16,120	1,650	4,600	13,170
其他Other	35,510	3,490	4,200	34,800
合计Total Qty	337,110	41,850	69,200	309,760
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				31,620
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 16/Sep/2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #37	Wk #36
Zhejiang	63% / TVN 150 (semi-defatted)	10,300	10,600
Zhejiang	65% / TVN 150 (semi-defatted)	11,000	11,200
Shandong	65% / TVN 100 (semi-defatted)	10,800	11,000

White Fishmeal

Updated: 16/Sep/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #37	Wk #36	Changes
American Seafood	17,000	17,000	--
Russian WFM-60%-high pro	16,200	16,200	--
- 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 #37	周数 Wk #36	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,400	4,400	11 2024	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,400	4,400	10 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 #37	周数 Wk #36	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	7,800-8,000	7,800-8,000	11 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: 16/Sep/2024				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Jan 2025	--	3,091	3,031	2,955
May 2025	--	2,876	2,853	2,805
Sep 2024	--	--	--	--