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20 Dec 2025

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Cash trend of China fishmeal has been keeping steady at RMB12,500/ton at Shanghai port during the week while total fishmeal inventories stockpiled at China ports are still high enough to reduce cash market. However, such high-rising level of fishmeal stockpiles would be gradually slowing down below 300k tons during 2nf fishing season. Though ocean freight would be soon slightly going up, those high-rising inventory stockpiled at China ports would keep determine RMB cash market without doubt.

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 Week44	周数 Week45	环比变化 Changes
大连 Dalian	SD68% 超级	12,500	12,600	+100
大连 Dalian	SD65%普通	9,800	10,000	+200
天津 Tianjin	SD68% 超级	12,500	12,600	+100
天津 Tianjin	SD65%普通	9,800	10,200	+200
上海 Shanghai	SD68% 超级	12,500	12,500	--
上海 Shanghai	SD65%普通	9,800	9,800	--
黄埔 Huangpu	SD68% 超级	12,500	12,500	--
黄埔 Huangpu	SD65%普通	9,800	9,800	--

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 #45			Wk #44
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	96,050	6,180	1,000	96,050
黄埔Huangpu	205,120	17,830	11,600	211,350
天津 Tianjin	1,780	210	200	1,790
大连Dalian	13,820	1,300	2,200	12,920
其他Other	35,760	2,680	2,900	35,540
合计Total Qty	336,090	28,200	17,900	346,390
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				31,530
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 11/Nov/2024			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #44	Wk #45
Zhejiang	63% / TVN 150 (semi-defatted)	9,100	9,100
Zhejiang	65% / TVN 150 (semi-defatted)	10,100	10,100
Shandong	65% / TVN 100 (semi-defatted)	9,600	9,600

White Fishmeal

Updated: 11/Nov/2024			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #44	Wk #45	Changes
American Seafood	16,000	16,000	--
Russian WFM-60%-high pro	15,000	15,000	--
- 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 #44	周数 Wk #45	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,300	4,300	12 2024	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,300	4,300	11 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

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 #44	周数 Wk #45	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	8,000-8,100	7,900-8,100	12 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

Soybean Meal

Updated: 11/Nov/2024				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Jan 2025	3,086	2,985	2,985	2,985
May 2025	2,920	2,817	2,835	2,788
Sep 2025	3,011	2,904	2,917	2,869