Welcome to global CFO

12 Sep 2023

Sources:

CFO Exclusive

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL / FISH Oil SECTION

Brief China RMB Cash Market:

Cash trend of China fishmeal has been apparently moving down to RMB18,300/ton at Shanghai port during the week while there’s showing certain optimism with regarding anchovy fishing in Peru by end of Oct. According to biomass investigation, those previous juveniles would be measurably growing up enough to support quality fishmeal industry in a short term.

However, Chinese fishmeal users are likely depending on domestic productions where are able to provide strong backup in terms of cheaper pricing and supply flexibility since earlier of Sept. To react on such uncertain anchovy fishing, RMB cash trend would be shortly going down when known clear frame work of 2^nd anchovy season.

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 Week36	周数 Week35	环比变化 Changes
大连	SD68% 超级	18400	18800	-400
大连	SD65%普通	17000	17300	-400
天津	SD68% 超级	18400	18800	-400
天津	SD65%普通	17000	17300	-400
上海	SD68% 超级	18300	18800	-500
上海	SD65%普通	16800	17300	-500
黄埔	SD68% 超级	18300	18800	-500
黄埔	SD65%普通	16800	17300	-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 #36			Wk #35
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	38710	6620	7000	38330
黄埔Huangpu	88480	12080	13000	87560
天津 Tianjin	290	70	100	260
大连Dalian	7840	930	600	8170
其他Other	33370	2700	2700	33370
合计Total Qty	168690	22400	23400	167690
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				20950
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 11/Sep/2023			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #36	Wk #35
Zhejiang	63% / TVN 150 (semi-defatted)	14,500	16,500
Zhejiang	65% / TVN 150 (semi-defatted)	15,100	17,200
Shandong	65% / TVN 100 (semi-defatted)	14,900	17,000

White Fishmeal

Updated: 11/Sep/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #36	Wk #35	Changes
American Seafood	19,000	19,000	--
Russian WFM-60%-high pro	17,500	17,500	--
- 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 #36	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	5400-5500	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	9000+	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments: China domestic fishmeal productions would shortly backup Chinese a cheaper pricing till known clear frame of next anchovy season. Chinese fishmeal users measure there will be a clear sign with regarding next anchovy fishing by end of October.

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 #36	周数 Wk #35	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	6,000	6,000	11 2023	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	6,000	6,000	10 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: 11/Sep/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	4,643	4,865	4,920	4,957
Jan 2024	4,103	4,041	4,120	4,088
May 2024	3,484	3,447	3,519	3,548