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20 Dec 2025

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Cash market of China fishmeal has been keeping steady at RMB11,100/ton at Shanghai port during the week while summer aquatic breeding has regularly performed itself a fact that supports fishmeal off-take from China ports. Though the entire stockpiles of China fishmeal has been keeping reducing, RMB cash trend would basically keep firm without further declining.

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 #28	周数 Week #29	环比变化 Changes
大连	SD68% 超级	11100	11100	0
大连	SD65%普通	9800	9800	0
天津	SD68% 超级	11100	11100	0
天津	SD65%普通	9800	9800	0
上海	SD68% 超级	11100	11100	0
上海	SD65%普通	9800	9800	0
黄埔	SD68% 超级	11100	11100	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 #29			Wk 28
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	50590	8590	5300	53880
黄埔Huangpu	114230	15140	15400	113970
天津 Tianjin	3480	210	100	3590
大连Dalian	15520	1500	1000	16020
其他Other	37800	2760	3600	36960
合计Total Qty	221620	28200	25400	224420
上周鱼粉出库量				29250
Total FM sold/off-take from ports warehouse previous week:				29250
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 26/Jul/2021			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #29	Wk #28
Zhejiang	63% / TVN 130 (semi-defatted)	9,000	9,000
Zhejiang	65% / TVN 130 (semi-defatted)	9,600	9,600
Shandong	65% / TVN 100 (semi-defatted)	9,800	9,800
- Domestic fishmeal production has moved to off season due to ban.

White Fishmeal

Updated: 26/Jul/2021			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #29	Wk #28	Changes
American Seafoods	16,200	16,200	--
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 #29	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: Prior to receiving fishmeal cargoes shipped from 1^st anchovy season, CFO measures the entire stockpiles of China fishmeal would keep reducing but down to 200k tons or even below during August. RMB cash trend would keep firm in basic when there’s a reducing fishmeal inventory. However, the currency of RMB has recently turned to depreciating status but more or less performed itself a fact that moves up landed cost in general.

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 #29	周数 Wk #28	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: 26/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	3,503	3,709	3,598	3,655
January 2022	3,497	3,677	3,563	3,634
May 2022	3,279	3,420	3,329	3,414