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21 Nov 2024

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Cash trend of China fishmeal has been going up to RMB12,800/ton at Shanghai port during the week while total fishmeal inventory stockpiled at main ports has shown decrement. Though total stockpiles of China fishmeal allocated at ports are still high above 310k tons, there’s a positive sign at performing fishmeal off-take from ports for the time being. And, local expertise would measure there’s a smooth fishmeal demand through Q4 till year end period when there’s an earlier Chinese lunar New Year at next January.

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 Week45	周数 Week46	环比变化 Changes
大连 Dalian	SD68% 超级	12,600	13,000	+400
大连 Dalian	SD65%普通	10,000	10,500	+500
天津 Tianjin	SD68% 超级	12,600	13,000	+400
天津 Tianjin	SD65%普通	10,200	10,500	+300
上海 Shanghai	SD68% 超级	12,500	12,800	+300
上海 Shanghai	SD65%普通	9,800	10,400	+600
黄埔 Huangpu	SD68% 超级	12,500	12,800	+300
黄埔 Huangpu	SD65%普通	9,800	10,400	+600

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 #46			Wk #45
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	96,050	7,290	0	96,050
黄埔Huangpu	198,560	21,560	15,000	205,120
天津 Tianjin	1,770	210	200	1,780
大连Dalian	12,230	1,890	300	13,820
其他Other	34,890	2,670	1,800	35,760
合计Total Qty	319,770	33,620	17,300	336,090
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				28,200
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 18/Nov/2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #45	Wk #46
Zhejiang	63% / TVN 150 (semi-defatted)	9,100	9,300
Zhejiang	65% / TVN 150 (semi-defatted)	10,100	10,300
Shandong	65% / TVN 100 (semi-defatted)	9,600	9,800

White Fishmeal

Updated: 18/Nov/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #45	Wk #46	Changes
American Seafood	16,000	16,000	--
Russian WFM-60%-high pro	15,000	15,000	--
- 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 #45	周数 Wk #46	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,300	4,300	01 2025	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,300	4,300	12 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 #45	周数 Wk #46	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	7,900-8,100	7,900-8,100	01 2025	--
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: 18/Nov/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	2,959	3,086	2,985	2,985
May 2025	2,821	2,920	2,817	2,835
Sep 2025	2,942	3,011	2,904	2,917