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11 May 2024

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Cash trend of China fishmeal has been keeping uptrend by performing itself as a record high status at Shanghai port during the week. Resulted from a suspending anchovy season, there’s apparently coming up an issue how feasibly Peruvians resume fishing under sustainable marine biomass 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 Week24	周数 Week23	环比变化 Changes
大连	SD68% 超级	16500	16000	+500
大连	SD65%普通	15000	14500	+500
天津	SD68% 超级	16500	16000	+500
天津	SD65%普通	15000	14500	+500
上海	SD68% 超级	16500	15900	+600
上海	SD65%普通	15000	14500	+500
黄埔	SD68% 超级	16500	15900	+600
黄埔	SD65%普通	15000	14500	+500

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 #24			Wk #23
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	60510	6480	2100	64890
黄埔Huangpu	123410	21280	5400	139290
天津 Tianjin	750	470	0	1220
大连Dalian	15080	1480	0	16560
其他Other	42210	2700	1400	43510
合计Total Qty	241960	32410	8900	265470
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				29310
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 19/Jun/2023			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #24	Wk #23
Zhejiang	63% / TVN 150 (semi-defatted)	14,800	14,300
Zhejiang	65% / TVN 150 (semi-defatted)	15,400	15,000
Shandong	65% / TVN 100 (semi-defatted)	15,300	14,700

White Fishmeal

Updated: 19/Jun/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #24	Wk #23	Changes
American Seafood	16,600	16,000	+600
Russian WFM-60%-high pro	14,800	14,000	+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 #24	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	5000-5100	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	6000-6100	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments: Both of the anxious about fishmeal supply during this summer and the depreciating currency of RMB, China fishmeal market would continue to go up but breaking through record high of cash trend constantly during this summer. Though there’s kind of sufficient inventory stockpiled at main ports, that would not good enough to pass this season if there’s truly lack of stable supply from Peru.

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 #24	周数 Wk #23	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	6,000	6,000	08 2023	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	6,000	6,000	07 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: 19/Jun/2023				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Sep 2023	3,705	3,507	3,505	3,424
Jan 2024	3,577	3,400	3,391	3,333
May 2024	3,273	3,114	3,135	3,107