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20 Dec 2025

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Cash trend of China fishmeal has been slowing down to RMB13,300-13,500/ton at Shanghai port during the week. There’s a slightly downtrend by reducing RMB50-100/ton in averaged at China main ports. Though summer aquatic breeding continues to show quietly steady status in southern farms, the overall fishmeal consumption during summer in China would be unusually off-track due to the infection brought by covid-19 and the flooded basin of Yangtze river.

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 #30	周数 Week #29	环比变化 Changes
大连 Dalian	超级Super Prime 68%	13300-13500	13400-13500	-50
大连 Dalian	普通Standard 65%	11300	11400	-100
天津 Tianjin	超级 Super Prime 68%	13300-13500	13500-13600	-100
天津 Tianjin	普通 Standard 65%	11300	11400	-100
上海 Shanghai	超级 Super Prime 68%	13300-13500	13400-13500	-50
上海 Shanghai	普通 Standard 65%	11300	11400	-100
黄埔 Huangpu	超级 Super Prime 68%	13300-13500	13400-13500	-50
黄埔 Huangpu	普通 Standard 65%	11300	11400	-100

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	Wk #30			Wk 29
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	30470	4240	4000	30710
黄埔Huangpu	32320	7650	5600	34370
天津 Tianjin	2370	140	0	2510
大连Dalian	6530	1300	1400	6430
其他Other	19330	2700	2100	19930
合计Total Qty	91020	16030	13100	93950
上周鱼粉出库量				16010
Total FM sold/off-take from ports warehouse previous week:				16010
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 27/July/2020			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #30	Wk #29
Zhejiang	63% / TVN 130 (semi-defatted)	9,800	9,800
Zhejiang	65% / TVN 130 (semi-defatted)	11,200	11,200
Shandong	65% / TVN 80 (semi-defatted)	10,800	10,800
- Prices would keep steady during ban period.

White Fishmeal

Updated: 27/July/2020			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #30	Wk #29	Changes
American Seafoods	16,000~16,200	15,500~16,000	+500
Russian WFM - 60% - high pro	13,000	12,600	+400
- An indication only, pricing range 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 #30	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	2000-2100	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	2050-2150	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	2150-2250	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	2200-2300	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: CFO measures RMB cash trend would be quietly slowing down to RMB13,000/ton prior to receiving fishmeal cargoes shipped 1^st anchovy season. The entire fishmeal stockpiles located at China main ports would be measurably going up to 150k tons or above in a month of time or by end of August. CFO would not look up to any opportunity to measure summer aquatic breeding of 2020 in China could return track to not support ideal fishmeal consumption till season end.

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 Origin	蛋白 Protein	周数 Wk #30	周数 Wk #29	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,600	4,600	09 2020	--
澳洲，散装／牛 Australia, beef Bulk	50%	4,500	4,500	08 2020	--
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: 27/July/2020				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
September 2020	3,001	2,920	2,875	2,929
January 2021	2,989	2,926	2,911	2,991
May 2021	2,747	2,712	2,722	2,786