Welcome to global CFO

24 Aug 2021

Sources:

CFO Exclusive

We (CFO) are pleased to update below China FEED market information for you:

I. FISHMEAL / FISH Oil SECTION

Brief China RMB Cash Market:

Cash trend of China fishmeal has been slightly going up to RMB11,200/ton at Shanghai port while there’s an apparent increment at fishmeal off-take from main ports. Such 9,000-10,000mt of increment at fishmeal off-take could be a sign that Chinese would spend Mid-Autumn moon festival in a few weeks. That’s a nearly 35% of expansion compared with the averaged volume per week during this summer.

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 #32	周数 Week #33	环比变化 Changes
大连	SD68% 超级	11100	11200	+100
大连	SD65%普通	9800	9900	+100
天津	SD68% 超级	11100	11200	+100
天津	SD65%普通	9800	9900	+100
上海	SD68% 超级	11100	11200	+100
上海	SD65%普通	9800	9900	+100
黄埔	SD68% 超级	11100	11200	+100
黄埔	SD65%普通	9800	9900	+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 #33			Wk 32
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	55470	10170	10100	55540
黄埔Huangpu	119260	19480	20000	118740
天津 Tianjin	3340	210	0	3550
大连Dalian	9990	4080	0	14070
其他Other	37890	1390	1400	37880
合计Total Qty	225950	35330	31500	229780
上周鱼粉出库量				33010
Total FM sold/off-take from ports warehouse previous week:				33010
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 23/Aug/2021			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #33	Wk #32
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 would ready to startup soon in a few weeks.

White Fishmeal

Updated: 23/Aug/2021			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #33	Wk #32	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 #33	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: RMB cash trend could be up by reducing stockpiles and overseas shipping issues. Meanwhile, Chinese would move to mid-autumn moon festival soon in a few weeks and the entire stockpiles of fishmeal at ports could be simultaneously reducing down to 200k tons in a few weeks to react on holiday season. RMB cash trend could be slightly going up to RMB11,500/ton to not only react on holiday matters, but also on uncertain shipping arrangements with regarding next anchovy fishing season.

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 #33	周数 Wk #32	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	4,900	4,900	10 2021	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	4,800	4,800	09 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: 23/Aug/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	3,584	3,675	3,617	3,636
January 2022	3,485	3,639	3,572	3,588
May 2022	3,270	3,400	3,335	3,349