1) Weekly Report (Wk # 36)
- Fishmeal Inventory at port is 168,690 mt 
- Weekly off take 22,400 mt
- Weekly arrival 23,400 mt
Full report, please click below link CFO China Feed Market Weekly Update #36/2023

2) Today’s Price Indication (13 September 2023)

Comment:
Overall market is pretty bearish specially after severe rain storm and flood in Southern China. 

The supply of SMB is relatively sufficient. In addition, the current high SBM RMB prices have caused feed farming hesitates to enter the market. Transaction volume is only hand to mouth quantity each order.

Peruvian super prime Fishmeal indication is at USD 2,500/ton level high.  In Chinese market, buying activities are obviously weak. At China main ports, fishmeal inventory is increasing & RMB selling price is negotiable. Market is very bearish at this moment especially after heavy rain storm and fish pond facing the large damaged and lost.  Not mentioned that the feed demand season is going to be end in late Oct/Nov.

As for animal protein/poultry meal, importing quantity is already more than double in comparison with year 2022. Supply of PBM is sufficient and following very weak fishmeal market, market is quiet and foresees the RMB prices will be further dropped in coming weeks. 

Remark:
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