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26 Apr 2024

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Cash trend of China fishmeal has been keeping going down to RMB16,700/ton at Shanghai port during the week while the entire performance of fishmeal off-take remains weak for weeks. It has more or less indicated spring breeding has not yet commonly supported such weakening fishmeal off-take nationwide. However, Huangpu area has been keeping regular breeding activity though earlier summer in southern provinces is not far. Meanwhile, Vietnam, Russia and other resources have shipped good enough cargoes to easily boost total stockpiles of China fishmeal above 200k tons again.

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 11	周数 Week 12	环比变化 Changes
大连 Dalian	SD68% 超级	17,000	16,800	-200
大连 Dalian	SD65%普通	12,800	12,700	-100
天津 Tianjin	SD68% 超级	17,000	16,800	-200
天津 Tianjin	SD65%普通	12,800	12,700	-100
上海 Shanghai	SD68% 超级	16,900	16,700	-200
上海 Shanghai	SD65%普通	12,600	12,600	0
黄埔 Huangpu	SD68% 超级	16,900	16,700	-200
黄埔 Huangpu	SD65%普通	12,600	12,600	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 Ports	Wk #12			Wk #11
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	36,260	3,350	6,000	33,610
黄埔Huangpu	127,380	11,470	13,500	125,350
天津 Tianjin	280	70	100	250
大连Dalian	7,120	1,310	1,600	6,830
其他Other	29,450	2,680	3,200	28,930
合计Total Qty	200,490	18,880	24,400	194,970
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				16,200
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 25/Mar/2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #11	Wk #12
Zhejiang	63% / TVN 150 (semi-defatted)	12,500	12,500
Zhejiang	65% / TVN 150 (semi-defatted)	13,000	13,000
Shandong	65% / TVN 100 (semi-defatted)	12,500	12,500

White Fishmeal

Updated: 25/Mar/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #11	Wk #12	Changes
American Seafood	17,500	17,500	--
Russian WFM-60%-high pro	16,500	16,500	--
- 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 #12	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	5,100-5,200	FOB PI
粗制水产级桶装	Crude(Aqua grade) in Drums	-	FOB FCL
粗制水产级液体袋装	Crude(Aqua grade) in Flexi tank	-	FOB FCL
粗制欧米茄3 桶装	Crude (Omega-3) in Drums	12,000+	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

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/包装 Origin/Packing	蛋白 Protein	周数 Wk #11	周数 Wk #12	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	5,000~5,200	4,800	4/5 2024	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	5,000~5,200	4,900	4/5 2024	--
此价格每周更新非实盘仅供参考 Price is updated weekly just an indication for reference only

鸡肉粉参考价格（人民币/吨） Poultry Meal Price Ideas (RMB/mt)
产地/包装 Origin/Packing	蛋白 Protein	周数 Wk #11	周数 Wk #12	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	8,800	8,500	4/5 2024	--
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: 25/Mar/2024				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
May 2024	3,249	3,266	3,214	3,141
Sep 2024	3,278	3,280	3,262	3,215
Jan 2025	3,253	3,264	3,258	3,237