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26 Apr 2024

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Cash trend of China fishmeal has been keeping flat at RMB17,400/ton at Shanghai port during the week while Chinese lunar New Year is not far. Local breeding industries would be commonly slowing down or stopping deliveries of fishmeal products from main ports to job sites 15 days before New Year holiday.

Meanwhile, 2^nd anchovy fishing of 2023 has already ended up with a nearly 75% of achievement on Jan 13. Due to high incidence of juveniles, such achievement is still good enough to support RMB market and simultaneously top up fishmeal stockpiles at China ports since later part of February.

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 Week1	周数 Week2	环比变化 Changes
大连	SD68% 超级	17500	17500	0
大连	SD65%普通	13000	13000	0
天津	SD68% 超级	17600	17600	0
天津	SD65%普通	13000	13000	0
上海	SD68% 超级	17400	17400	0
上海	SD65%普通	13000	13000	0
黄埔	SD68% 超级	17400	17400	0
黄埔	SD65%普通	13000	13000	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 #02			Wk #01
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	40150	2670	800	42020
黄埔Huangpu	138960	8350	2200	145110
天津 Tianjin	150	50	0	200
大连Dalian	3420	660	0	4080
其他Other	32060	2750	1500	33310
合计Total Qty	214740	14480	4500	224720
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				12230
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 15/Jan/2024			Unit: RMB／mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #02	Wk #01
Zhejiang	63% / TVN 150 (semi-defatted)	11,700	11,700
Zhejiang	65% / TVN 150 (semi-defatted)	12,800	12,800
Shandong	65% / TVN 100 (semi-defatted)	12,200	12,200

White Fishmeal

Updated: 15/Jan/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #02	Wk #01	Changes
American Seafood	17,500~18,000	17,500~18,000	--
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 #02	条款Terms
粗制水产级散装	Crude (Aqua grade) in Bulk	5100-5200	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	12000+	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 Origin	蛋白 Protein	周数 Wk #02	周数 Wk #01	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	5,000~5,500	5,000~5,500	3/4 2024	--
澳大利亚, 散装/牛 Australia, beef Bulk	48%	5,000~5,400	5,000~5,400	3 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: 15/Jan/2024				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Jan 2024	3,655	3,650	3,770	3,898
May 2024	3,072	3,157	3,248	3,349
Sep 2024	3,155	3,216	3,300	3,383