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01 Aug 2025

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Cash trend of China fishmeal has been moving down to RMB17,700/ton at Shanghai port during the week while there’s a periodical reducing fishmeal off-take from northern main ports in winter. So far there’s only Huangpu port maintains vivid activity in south, and the total fishmeal inventory stockpiled at main ports would gradually move up to 150k tons.

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 Week43	周数 Week42	环比变化 Changes
大连	SD68% 超级	17700	18000	-300
大连	SD65%普通	16000	16300	-300
天津	SD68% 超级	18000	18200	-200
天津	SD65%普通	16500	16800	-300
上海	SD68% 超级	17700	18000	-300
上海	SD65%普通	15800	16300	-500
黄埔	SD68% 超级	17700	18000	-300
黄埔	SD65%普通	15800	16300	-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 #43			Wk #42
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	27360	6490	7000	26850
黄埔Huangpu	83590	11570	17000	78160
天津 Tianjin	340	70	100	310
大连Dalian	4560	960	1300	4220
其他Other	29980	2670	2600	30050
合计Total Qty	145830	21760	28000	139590
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				22770
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 30/Oct/2023			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #43	Wk #42
Zhejiang	63% / TVN 150 (semi-defatted)	13,200	13,500
Zhejiang	65% / TVN 150 (semi-defatted)	14,500	14,800
Shandong	65% / TVN 100 (semi-defatted)	14,800	14,000

White Fishmeal

Updated: 30/Oct/2023			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #43	Wk #42	Changes
American Seafood	18,000~18,500	18,000~18,500	--
Russian WFM-60%-high pro	17,300	17,500	-200
- 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 #43	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	5200-5300	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	9200+	FOB FCL
注：FOB:秘鲁港口离岸价、FCL:集装箱装运。

FM Comments: Cash trend of China fishmeal would move up and down at the range of RMB17,200-17,700/ton during 2^nd anchovy season. Though fishing looks smoothly in the beginning, the incidence of juveniles would determine how super prime production keep stable supply and shipments.

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 #43	周数 Wk #42	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	5,700~5,800	5,700~5,800	12 2023	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	5,800	5,800	11 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: 30/Oct/2023				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Jan 2024	3,992	3,886	3,885	3,867
May 2024	3,462	3,387	3,394	3,334
Sep 2024	3,488	3,423	3,431	3,376