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China Feed Market Report Wk # 45-46

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15 Nov 2016
Sources: 
CFO Exclusive

We are pleased to update you the current China FEED market information as below:

 

I.       FISHMEAL / FISH Oil SECTION

[ IMARPE, Peru]

Per IMARPE record, total trial fishing at North-Center during 11-13 Nov 2016 reached 50,690mt with averaged 16,897mt daily.  Overall the catching result is good but with high percentage of juvenile.  The official fishing shall start on 15 Nov 2016.

 

Brief China RMB Cash Market:

Cash trend of China fishmeal has been keeping quiet status without apparent fluctuation after hearing the newly set of quota for 2nd anchovy season of Peru. Cash trend has not only dropped a little from previously RMB11,800-12,000/ton down to current RMB11,500-11,800/ton, but also Chinese shippers have thought RMB market would not reduce down below RMB11,500/ton although the newly set of quota was just a little bigger than estimation. 

 

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
Week #45

周数
Week #44

环比变化 Changes

大连
Dalian

超级Super Prime 68%

11,850

11,950

-100

普通Standard 65%

10,500

10,600

-100

天津
Tianjin

超级 Super Prime 68%

11,900

11,950

-50

普通 Standard 65%

10,500

10,600

-100

上海
Shanghai

超级 Super Prime 68%

11,800

11,900

-100

普通 Standard 65%

10,300

10,400

-100

黄埔

Huangpu

超级 Super Prime 68%

11,800

11,900

-100

普通 Standard 65%

10,300

10,400

-100

 

FM Stock & Off-take:

中国主要港口进口鱼粉库存表(吨)

China Fishmeal (Stock & Off Take) Weekly Status (mt)

港口

Wk #45

Wk #44

Ports

本周

出库量

入库量

上周

 

Current Stock

Off Take

Weekly Arrival

Previous Stock

上海Shanghai

41,380

5,700

4,000

43,080

黄埔Huangpu

41,160

6,100

4,200

43,060

天津 Tianjin

1,060

280

400

940

大连Dalian

12,710

1,290

1,100

12,900

其他Other

21,280

2,700

1,900

22,080

合计Total Qty

117,590

16,070

11,600

122,060

上周鱼粉出库量

Total FM sold/off-take from ports warehouse previous week:

17,250

来源:饲料在线港口代表统计Sources: CFO Port Agents

 

China Domestic Fishmeal

Updated: 14/Nov/2016

Unit: RMB/mt

国产鱼粉报价 Local Produced Fishmeal Price

Region

Quality

Wk #45

Wk #44

Zhejiang

60% / TVN 150 (semi-defatted)

9,200

9,200

62% / TVN 130 (semi-defatted)

9,500

9,500

Shandong

63% / TVN 150 (semi-defatted)

9,800

9,800

Most of local FM producers suspended offer since Peru declared quota 2 millions tons as suppliers prefer to wait & see in particular it is not much cargo available to sell at producers hand in both China & Peru producers.


 

White Fishmeal

Updated: 14/Nov/2016

Unit: RMB/mt

白鱼粉报价White Fishmeal Price Report

Brand/Origin

Wk #45

Wk #44

Changes

American Seafoods

13,500~13,600

13,500~13,600

--

Russian WFM - 60% - high pro

11,200

11,200

--

- An indication only, prices ranges due to various quality, freshness and brand.
- Above prices are importing duties paid.

 

Fish Oil

秘鲁鱼油离岸价格(美元/吨)
 Peruvian Fish oil Market FOB Price(USD/mt)

品质包装 Quality/Packing

周数Wk #45

条款Terms

粗制水产级散装

Crude (Aqua grade) in Bulk

2000-2050

FOB PI

粗制水产级桶装

Crude(Aqua grade) in Drums

2100-2150

FOB FCL

粗制水产级液体袋装

Crude(Aqua grade) in Flexi tank

2200-2250

FOB FCL

粗制欧米茄3 桶装

Crude (Omega-3) in Drums

2700-2800

FOB FCL

注:FOB:秘鲁港口离岸价、FCL:集装箱装运。

 

FM Comments:

The result of trial fishing during 11-14 November is showing good performance.  However, market is still worry about if any mini ban due to high percentage of juvenile.   Foresee, Chinese RMB market is going to remain quiet and steady before official fishing starts on 15 Nov 2016.

 

II. Animal Protein/Grain Sections                         

Meat and Bone meal / Poultry Meal:  Uruguay MBM 45-47% is sold a bit lower to US$460 -470/range and Australian 50% indication at US$520 /mt cnf China level this week.  USDollar market is slightly lower to reflect the low season during winter time in Asia.  As for PBM, price is firm at US$815/mt CNF China main port.  Demand is strong as usual.

Updated: 14/Nov/2016

Unit: US$/mt

Origin

Protein

Wk #45

Wk #44

Terms

Changes

Uruguay (Bulk/bag)

Beef 45-47%

4000

4000

RMB Cash

-20~-40

Australia (Bulk)

Beef 50%

4300

4300

RMB Cash

-10


Soybean Meal

Updated: 14/Nov/2016

Unit: RMB/mt

China Soybean Meal Market Futures Price Week #46

Contract Period

Today’s Price

1 weeks ago

2 week ago

3 weeks ago

January 2017

2,879

2,865

2,916

2,872

May 2017

2,763

2,771

2,829

2,742

September 2017

2,784

2,776

2,823

2,747

China keeps slowing down soybean cargoes in Sept and meanwhile the entire crushing activity of China soybean meal remains consecutively decrement by reducing 14-18% in terms of volume since earlier summer.

 

III. Industrial Section

China live pig:

The breeding size of China live pig could be showing expansion both in Oct and Nov due to Q4 traditional lunar holiday. However, it is still now under a slowly paced of increment at total population that tells feeds productions would be measurably keeping low profile.

 

We welcome your comments and input.

 

CFO Reporter: Charles Wang

Email: cfo@chinafeedonline.com

 

 

Type Report: 
Weekly


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