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20 Dec 2025

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Cash trend of China fishmeal has been keeping quietly flat without apparent fluctuation during Chinese lunar New Year. However, it would be slightly going up a little while breeding activities soon to become normal status. In common, for year of 2023, Chinese breeding industry would return from holiday and back to regular operation after Feb 6.

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 #02	周数 Week #04	环比变化 Changes
大连	SD68% 超级	13600	13800	0
大连	SD65%普通	12600	12800	0
天津	SD68% 超级	13600	13800	0
天津	SD65%普通	12600	12800	0
上海	SD68% 超级	13500	13600	0
上海	SD65%普通	12300	12400	0
黄埔	SD68% 超级	13500	13600	0
黄埔	SD65%普通	12300	12400	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 #04			Wk #02
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	30120	4350	1150	33320
黄埔Huangpu	90150	5970	700	95420
天津 Tianjin	2120	90	0	2210
大连Dalian	11740	530	0	12270
其他Other	44010	510	300	44220
合计Total Qty	178140	11450	2150	187440
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				20910
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 31/Jan/2023		Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	WK #04
Zhejiang	63% / TVN 150 (semi-defatted)	11,700
Zhejiang	65% / TVN 150 (semi-defatted)	12,500
Shandong	65% / TVN 100 (semi-defatted)	12,200

White Fishmeal

Updated: 31/Jan/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #04	Wk #02	Changes
American Seafood	16,300	16,300	--
Russian WFM-60%-high pro	13,800	13,800	--
- 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 #04	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	4200-4300	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	4400-4500	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments:

RMB Market: Slowed down fishing result with its measurably limited super prime supply from 2^nd season, cash trend of China fishmeal could be slightly going up to RMB14,000/ton at Shanghai port. However, Chinese would recover from covid-19 by end of Q1 and it could boost breeding with its consumption no later than Q2.

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 #04	周数 Wk #02	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	6,500	6,500	03/04 2023	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	6,500	6,500	02 2023	--
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: 31/Jan/2023				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
May 2023	3,917	--	3,884	3,810
Sep 2023	3,882	--	3,856	3,799
Jan 2024	3,728	--	3,746	--