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10 May 2024

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Cash trend of China fishmeal has been slightly going up to RMB16,400/ton at Shanghai port during the week while the depreciating currency of RMB has moved up product costs when cargoes landed. However, as of the latest progress at anchovy fishing, there’s showing a better-than-estimated fishing results since April 16 till the date. Besides currency issue, RMB cash trend would go through downtrend on a basis of climbing up fishmeal inventory at China ports and under such better-than-estimated fishing performance.

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 Week15	周数 Week16	环比变化 Changes
大连 Dalian	SD68% 超级	16,500	16,500	0
大连 Dalian	SD65%普通	12,500	12,500	0
天津 Tianjin	SD68% 超级	16,500	16,600	+ 100
天津 Tianjin	SD65%普通	12,500	12,500	0
上海 Shanghai	SD68% 超级	16,200	16,400	+ 200
上海 Shanghai	SD65%普通	12,200	12,200	0
黄埔 Huangpu	SD68% 超级	16,200	16,400	+ 200
黄埔 Huangpu	SD65%普通	12,200	12,200	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 #16			Wk #15
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	56,120	4,050	7,000	53,170
黄埔Huangpu	163,660	17,630	25,000	156,290
天津 Tianjin	1,590	140	500	1,230
大连Dalian	8,490	1,440	600	9,330
其他Other	30,910	2,720	3,400	30,230
合计Total Qty	260,770	25,980	36,500	250,250
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				22,200
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 22/Apr/2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #15	Wk #16
Zhejiang	63% / TVN 150 (semi-defatted)	12,300	12,300
Zhejiang	65% / TVN 150 (semi-defatted)	12,800	12,800
Shandong	65% / TVN 100 (semi-defatted)	12,600	12,600

White Fishmeal

Updated: 22/Apr/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #15	Wk #16	Changes
American Seafood	17,500	17,500	--
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.

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/包装 Origin/Packing	蛋白 Protein	周数 Wk #15	周数 Wk #16	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,800	4,700	5/6 2024	- 100
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,900	4,800	5/6 2024	- 100
此价格每周更新非实盘仅供参考 Price is updated weekly just an indication for reference only

鸡肉粉参考价格（人民币/吨） Poultry Meal Price Ideas (RMB/mt)
产地/包装 Origin/Packing	蛋白 Protein	周数 Wk #15	周数 Wk #16	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	8,200-8,500	8,300	5/6 2024	- 200
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: 22/Apr/2024				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
May 2024	3,245	3,261	3,244	3,260
Sep 2024	3,338	3,357	3,323	3,331
Jan 2025	3,317	3,334	3,274	3,290