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20 Dec 2025

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Cash trend of China fishmeal has been going up to RMB12,500/ton at Shanghai port during the week while spring breeding has already started up from southern farms. The performance of fishmeal off-take from main ports has briefly shown increment status especially at Shanghai and Huangpu ports. However, the recent expanding infection of covid-19 from Shenzhen to Shanghai cities would more or less reduce economic momentum in a short period of time.

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 #9	周数 Week #10	环比变化 Changes
大连	SD68% 超级	12300	12500	+200
大连	SD65%普通	10900	11100	+200
天津	SD68% 超级	12300	12600	+300
天津	SD65%普通	11000	11300	+300
上海	SD68% 超级	12300	12500	+200
上海	SD65%普通	10900	11100	+200
黄埔	SD68% 超级	12300	12500	+200
黄埔	SD65%普通	10900	11100	+200

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 #10			Wk 09
Ports	本周	出库量	入库量	上周
	Current Stock	Off Take	Weekly Arrival	Previous Stock
上海Shanghai	40010	5650	8000	37660
黄埔Huangpu	72520	10650	8000	75170
天津 Tianjin	1060	140	100	1100
大连Dalian	10710	1490	4600	7600
其他Other	44750	2680	2800	44630
合计Total Qty	169050	20610	23500	166160
上周鱼粉出库量				18470
Total FM sold/off-take from ports warehouse previous week:				18470
来源：饲料在线港口代表统计Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 16/Mar/2022			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #10	Wk #09
Zhejiang	63% / TVN 130 (semi-defatted)	10,200	10,000
Zhejiang	65% / TVN 130 (semi-defatted)	11,000	10,900
Shandong	65% / TVN 100 (semi-defatted)	10,800	10,600
- Domestic prices keep strong while spring breeding would be started up soon since earlier of March.

White Fishmeal

Updated: 16/Mar/2022			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #10	Wk #09	Changes
American Seafoods	14,800~15,000	14,800~15,000	--
Russian WFM - 60% - high pro	12,800	12,800	--
- 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 #10	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	3200-3250	FOB PI
粗制水产级桶装	Crude (Aqua grade) in Drums	3300-3350	FOB FCL
粗制水产级液体袋装	Crude (Aqua grade) in Flexi tank	3400-3450	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	3200-3300	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: CFO measures cash trend of China fishmeal could be keeping uptrend from recent RMB12,500/ton up to RMB13,000/ton due to recent risky at total expenses at producing and shipping fishmeal products. Such high-rising fuel expenses and increasing ocean freight with its related lack of cargo spaces would top up total costs of supplying fishmeal products from all over the world to China.

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 #10	周数 Wk #09	船期 Shipment	周变化 Changes
乌拉圭, 散装／牛 Uruguay, Beef Bulk	45-47%	5,400	5,400	05 2022	--
澳大利亚，散装／牛 Australia, beef Bulk	50%	5,300	5,300	04 2022	--
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: 16/Mar/2022				Unit: RMB/mt
China Soybean Meal Market Future Price
Contract Period	Today’s Price	1 weeks ago	2 week ago	3 weeks ago
May 2022	4,219	4,041	3,862	3,796
September 2022	4,047	3,893	3,747	3,753
January 2023	3,744	3,602	3,521	3,515