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11 Aug 2025

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Cash trend of China fishmeal has been slightly going up to RMB13,100/ton at Shanghai port during the week while there’s a hampered anchovy fishing brought by high incidence of juveniles. Such periodical fishing performance has made cash trend going up, but high-rising fishmeal inventory stockpiled at China ports remains itself a fact that reduces RMB cash trend in the long run. As of CFO records, such high-rising fishmeal inventories would be gradually approaching 350k tons at China ports during summer breeding

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 Week #23	周数 Week #24	环比变化 Changes
大连 Dalian	SD68% 超级	12,900	13,100	+ 200
大连 Dalian	SD65%普通	10,800	11,000	+ 200
天津 Tianjin	SD68% 超级	12,900	13,100	+ 200
天津 Tianjin	SD65%普通	10,800	11,000	+ 200
上海 Shanghai	SD68% 超级	12,900	13,100	+ 200
上海 Shanghai	SD65%普通	10,800	11,000	+ 200
黄埔 Huangpu	SD68% 超级	12,900	13,100	+ 200
黄埔 Huangpu	SD65%普通	10,800	11,000	+ 200

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 #24			Wk #23
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	70,360	6,620	7,000	69,980
黄埔Huangpu	197,310	25,870	32,000	191,180
天津 Tianjin	1,690	210	0	1,900
大连Dalian	14,180	1,300	1,800	13,680
其他Other	47,010	2,670	3,100	46,580
合计Total Qty	330,550	36,670	43,900	323,320
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				28,660
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 16/Jun/2025			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #23	Wk #24
Zhejiang	63% / TVN 150 (semi-defatted)	10,000	10,000
Zhejiang	65% / TVN 150 (semi-defatted)	10,600	10,600
Shandong	65% / TVN 100 (semi-defatted)	10,600	10,600

White Fishmeal

Updated: 16/Jun/2025			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #23	Wk #24	Changes
American Seafood	16,300-16,500	16,300-16,500	--
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.

Fish Oil:

Updated: 16/Jun/2025
鱼油离岸价格（美元/吨） Fish oil Market FOB Price (USD/mt)
品质包装 Quality/Packing		秘鲁Peru	智利Chile
粗制水产级散装	Crude (Aqua Grade) Tank	2,100-2,300	2,400-2,500
粗制水产级桶装	Crude (Aqua Grade) Drum	--	--
粗制水产级液体袋装	Crude (Aqua Grade) Flexi Tank	--	--
粗制欧米茄3 桶装	Omega 3: 28% EPA/DHA	3,500-3,600	3,100-3,300

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 #23	周数 Wk #24	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,400	4,400	06 07 2025	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,400	4,400	06 07 2025	--
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 #23	周数 Wk #24	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	9,000	9,000	06 07 2025	--
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: 16/Jun/2025				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Sep 2025	3,045	3,019	2,935	2,950
Jan 2026	3,073	3,060	2,980	3,002
May 2026	2,737	2,728	2,692	2,709