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01 Jul 2025

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Cash trend of China fishmeal has been moving up to RMB13,300/ton at Shanghai port during the week while there’s an increasing fishmeal off-take from China ports. As of CFO records, summer breeding activities have shown certain expansion reportedly in southern farms in terms of increasing volume of fishmeal off-take from Huangpu port. And, such performance has worked itself as the key fact reduces total fishmeal stockpiles at China ports this week. However, there’s still remaining a high-rise fishmeal inventory at main ports where would more or less ease RMB cash trend.

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 #24	周数 Week #25	环比变化 Changes
大连 Dalian	SD68% 超级	13,100	13,300	+ 200
大连 Dalian	SD65%普通	11,000	11,100	+ 100
天津 Tianjin	SD68% 超级	13,100	13,300	+ 200
天津 Tianjin	SD65%普通	11,000	11,100	+ 100
上海 Shanghai	SD68% 超级	13,100	13,300	+ 200
上海 Shanghai	SD65%普通	11,000	11,100	+ 100
黄埔 Huangpu	SD68% 超级	13,100	13,300	+ 200
黄埔 Huangpu	SD65%普通	11,000	11,100	+ 100

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 #25			Wk #24
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	71,620	7,740	9,000	70,360
黄埔Huangpu	184,380	27,930	15,000	197,310
天津Tianjin	2,280	210	800	1,690
大连Dalian	14,710	1,270	1,800	14,180
其他Other	47,620	2,690	3,300	47,010
合计Total Qty	320,610	39,840	29,900	330,550
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				36,670
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 23/Jun/2025			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #24	Wk #25
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: 23/Jun/2025			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #24	Wk #25	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: 23/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	2,400-2,500	2,100-2,200
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	3,100-3,200	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 #24	周数 Wk #25	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,400	4,400	07 2025	--
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,400	4,400	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 #24	周数 Wk #25	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	9,000	8,600	07 2025	- 400
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: 23/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	3,037	3,045	3,019	2,935
Jan 2026	3,073	3,073	3,060	2,980
May 2026	2,753	2,737	2,728	2,692