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18 Dec 2025

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Cash trend of China fishmeal has been keeping firm at RMB17,000/ton at Shanghai port during the week while fishmeal off-take remains steady in general. However, fishmeal consumptions would be soon measurably going up due to live pig industry. Domestic authorities measure, since later part of December or earlier of next Jan, fishmeal consumptions could be growing up brought by live pig industry as usual.

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 #49	周数 Week #50	环比变化 Changes
大连 Dalian	SD68%超级	17,000	17,000	--
大连 Dalian	SD65%普通	14,500	14,000	- 500
天津 Tianjin	SD68%超级	17,000	17,000	--
天津 Tianjin	SD65%普通	14,500	14,000	- 500
上海 Shanghai	SD68%超级	17,000	17,000	--
上海 Shanghai	SD65%普通	14,500	14,000	- 500
黄埔 Huangpu	SD68%超级	17,000	17,000	--
黄埔 Huangpu	SD65%普通	14,500	14,000	- 500

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 #50			Wk #49
港口 Ports	本周 Current Stock	出库量 Off Take	入库量 Weekly Arrival	上周 Previous Stock
上海Shanghai	41,740	4,750	2,400	44,090
黄埔Huangpu	126,610	14,790	9,200	132,200
天津Tianjin	890	70	0	960
大连Dalian	4,230	570	200	4,600
其他Other	44,880	2,700	2,700	44,880
合计Total Qty	218,350	22,880	14,500	226,730
上周鱼粉出库量 Total FM sold/off-take from ports warehouse previous week:				23,030
来源: 饲料在线港口代表统计 Sources: CFO Port Agents

China Domestic Fishmeal

Updated: 15/Dec/2025			Unit: RMB/mt
国产鱼粉报价 Local Produced Fishmeal Price
Region	Quality	Wk #49	Wk #50
Zhejiang	63% / TVN 150 (semi-defatted)	13,800	13,600
Zhejiang	65% / TVN 150 (semi-defatted)	14,200	14,000
Shandong	65% / TVN 100 (semi-defatted)	14,000	13,800

White Fishmeal

Updated: 15/Dec/2025			Unit: RMB/mt
白鱼粉报价White Fishmeal Price Report
Brand/Origin	Wk #49	Wk #50	Changes
American Seafood	17,500-18,000	17,500-18,000	--
Russian WFM-60%-high pro	16,000-16,500	16,000-16,500	--
- An indication only, pricing range due to various quality, freshness and brand. - Above prices are importing duties paid.

Fish Oil:

Updated: 15/Dec/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	3,400-3,500	3,200-3,300
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	4,100-4,300	--

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 #49	周数 Wk #50	船期 Shipment	周变化 Changes
乌拉圭, 散装/牛 Uruguay, Beef Bulk	45-47%	4,200	4,300	12 2025 01 2026	+100
澳大利亚, 散装/牛 Australia, Beef Bulk	48%	4,200	4,300	12 2025 01 2026	+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 #49	周数 Wk #50	船期 Shipment	周变化 Changes
美国, 袋装 USA, Bags	65%	8,600	8,600	12 2025 01 2026	--
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: 15/Dec/2025				Unit: RMB/mt
China Soybean Meal Future Market Price
Contract Period	Today Price	1 weeks ago	2 weeks ago	3 weeks ago
Jan 2026	3,090	3,030	3,039	3,011
May 2026	2,758	2,778	2,835	2,815
Sep 2026	2,865	2,896	2,947	2,924