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03 Jul 2025

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Cash trend of China fishmeal has been keeping quietly flat at RMB13,300/ton at Shanghai port during the week while summer breeding activities remain high. As of CFO records, the performance of fishmeal off-take from China ports has shown increment for weeks. And, Huangpu port remains itself a key position to support 60% of overall fishmeal demands in the country. However, the depreciated currency of RMB would push up landed cost of all imported goods during summer.

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 #25	周数 Week #26	环比变化 Changes
大连 Dalian	SD68% 超级	13,300	13,300	--
大连 Dalian	SD65%普通	11,100	11,200	+100
天津 Tianjin	SD68% 超级	13,300	13,300	--
天津 Tianjin	SD65%普通	11,100	11,200	+100
上海 Shanghai	SD68% 超级	13,300	13,300	--
上海 Shanghai	SD65%普通	11,100	11,200	+100
黄埔 Huangpu	SD68% 超级	13,300	13,300	--
黄埔 Huangpu	SD65%普通	11,100	11,200	+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 #26			Wk #25
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	70,440	7,180	6,000	71,620
黄埔Huangpu	180,260	21,120	17,000	184,380
天津Tianjin	2,010	270	0	2,280
大连Dalian	13,320	1,390	0	14,710
其他Other	48,050	2,670	3,100	47,620
合计Total Qty	314,080	32,630	26,100	320,610
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				39,840
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 30/Jun/2025			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #25	Wk #26
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: 30/Jun/2025			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #25	Wk #26	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: 30/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	3,000-3,400	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 #25	周数 Wk #26	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,400	4,300	07 2025	- 100
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,400	4,300	07 2025	-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 #25	周数 Wk #26	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	8,600	8,600	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: 30/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	2,961	3,037	3,045	3,019
Jan 2026	2,999	3,073	3,073	3,060
May 2026	2,713	2,753	2,737	2,728