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17 Jun 2025

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Cash market of China fishmeal has been remaining firm at the range of RMB11,100-11,200/ton at Shanghai port while summer aquatic breeding keeps steady performance of fishmeal off-take during the week. Meanwhile, due to relatively less arrivals of fishmeal cargoes, the entire inventory of China fishmeal stockpiled at main ports would slow down below 250k tons but gradually moving toward 200k tons during rest of July.

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 #26	周数 Week #27	环比变化 Changes
大连	SD68% 超级	11100	11200	0
大连	SD65%普通	9800	9800	0
天津	SD68% 超级	11100	11200	0
天津	SD65%普通	9800	9800	0
上海	SD68% 超级	11100	11200	0
上海	SD65%普通	9800	9800	0
黄埔	SD68% 超级	11100	11200	0
黄埔	SD65%普通	9800	9800	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	Wk #27			Wk 26
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	63180	7200	400	69980
黄埔Huangpu	127890	13310	5000	136200
天津 Tianjin	3800	210	100	3910
大连Dalian	16510	1470	1700	16280
其他Other	36790	2670	3300	36160
合计Total Qty	248170	24860	10500	262530
上周鱼粉出库量				24690
Total FM sold/off-take from ports warehouse previous week:				24690
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 12/Jul/2021			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #27	Wk #26
Zhejiang	63% / TVN 130 (semi-defatted)	9,000	9,300
Zhejiang	65% / TVN 130 (semi-defatted)	9,600	9,900
Shandong	65% / TVN 100 (semi-defatted)	9,800	10,000
- Domestic fishmeal production has moved to off season due to ban.

White Fishmeal

Updated: 12/Jul/2021			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #27	Wk #26	Changes
American Seafoods	16,500	16,500	--
Russian WFM - 60% - high pro	14,000	14,000	--
- 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 #27	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	2100-2200	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	2500-2600	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 keep firm with recent reducing stockpiles of China fishmeal at ports. As of recent performance, summer aquatic has just contributed itself a moderate level of fishmeal off-take from China ports. And, that could be seen a regular scale per week during this summer though domestic producers have tentatively stopped assemblies during ban period.

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 #27	周数 Wk #26	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,900	4,900	09 2021	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,800	4,800	08 2021	--
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: 12/Jul/2021				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
September 2021	3,598	3,655	3,437	3,394
January 2022	3,563	3,634	3,428	3,399
May 2022	3,329	3,414	3,244	3,206