22 May 2018

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CFO China Feed Market Wk #19-20

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14 May 2018
Sources: 
CFO Exclusive

We (CFO) are pleased to update below China FEED market information for you:

 

I. FISHMEAL / FISH Oil SECTION

[PERU] For 1st anchovy season, the fishing status till May 10, 2018 is as below:

Total Catching: 1,656,931 tons

Quota Accomplished: 49.96%

Daily Caught: 48,733 tons/34 fishing days

Bans are consecutively executed in certain coastal areas till end of May 14.

 

Brief China RMB Cash Market:

Cash trend of China fishmeal has been keeping weak during the week but the popular dealing range locates at Shanghai port should be RMB12,000/ton. The gaining up fishmeal stockpiles at China ports has firmly exceeded 131k tons while the entire landed fishmeal cargoes shipped out from Peru and other resources are gradual bigger month after month since March.

 

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 #19

周数
Week #18

环比变化 Changes

大连
Dalian

超级Super Prime 68%

12200

12300-12400

-150

普通Standard 65%

10500-10600

11000

-450

天津
Tianjin

超级 Super Prime 68%

12200-12400

12400-12500

-150

普通 Standard 65%

10500-1800

11000-11200

-450

上海
Shanghai

超级 Super Prime 68%

12000

12000-12300

-250

普通 Standard 65%

10400-10600

10800

-300

黄埔

Huangpu

超级 Super Prime 68%

12000

12000-12300

-250

普通 Standard 65%

10400-10600

10800

-300

 

 

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

Wk #19

Wk #18

Ports

本周

出库量

入库量

上周

 

Current Stock

Off Take

Weekly Arrival

Previous Stock

上海Shanghai

41760

3850

11000

34610

黄埔Huangpu

38430

4000

6800

35630

天津 Tianjin

470

140

200

410

大连Dalian

9540

1030

3600

6970

其他Other

40930

2720

2800

40850

合计Total Qty

131130

11740

24400

118470

上周鱼粉出库量

9380

Total FM sold/off-take from ports warehouse previous week:

来源:饲料在线港口代表统计Sources: CFO Port Agents

 

 

China Domestic Fishmeal

Updated: 14/May/2018

Unit: RMB/mt

国产鱼粉报价 Local Produced Fishmeal Price

Region

Quality

Wk #19

Wk #18

Zhejiang

60% / TVN 130 (semi-defatted)

9,000

9,000

65% / TVN 130 (semi-defatted)

10,800

10,800

Shandong

64% / TVN 100 (semi-defatted)

10,600

10,600

  -  Domestic fishmeal production is to be limited due to China moves into fishing ban period since May 1st.. The price would be firm in basic, unless big fluctuation for the imported fishmeal products during the period.

 

White Fishmeal

Updated: 14/May/2018

Unit: RMB/mt

白鱼粉报价White Fishmeal Price Report

Brand/Origin

Wk #19

Wk #18

Changes

American Seafoods

13,600~13,800

13,800~14,000

-200

Russian WFM - 60% - high pro

11,600~11,800

11,800

-200

- An indication only, prices ranges due to various quality, freshness and brand.
- Above prices are importing duties paid.

 

Fish Oil

秘鲁鱼油离岸价格(美元/吨)
 Peruvian Fish oil Market FOB Price(USD/mt)

品质包装 Quality/Packing

周数Wk #19

条款Terms

粗制水产级散装

Crude (Aqua grade) in Bulk

1700-1750

FOB PI

粗制水产级桶装

Crude (Aqua grade) in Drums

1800-1850

FOB FCL

粗制水产级液体袋装

Crude (Aqua grade) in Flexi tank

1900-1950

FOB FCL

粗制欧米茄3 桶装

Crude (Omega-3) in Drums

2000-2100

FOB FCL

注:FOB:秘鲁港口离岸价、FCL:集装箱装运。

 

FM Comments:

RMB Market: CFO points out the recent ideal anchovy catching with its daily caught would basically reduce mid-term anxiety about super prime supply in RMB cash market. In additions, the reportedly pre-sold volume of this season has already reached 70% of the maximized production while there’s a bigger-than-expected fishing quota.

 

On the other side, the recent depreciated RMB currency may top up fishmeal landed cost and prevent RMB cash bid from decrement more or less in local. However, the up-to-dated fishmeal demand in China is relatively weaker though summer aquatic breeding has just started up. Thus, CFO measures the most welcome cash bid would be down to RMB11,500-12,000/ton.

 

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
Origin

蛋白
Protein

周数
Wk #19

周数
Wk #18

船期 Shipment

周变化 Changes

乌拉圭, 散装/牛
Uruguay, Beef Bulk

45-47%

4,100~4,200

4,100~4,200

6 2018

--

澳洲,散装/牛 Australia, beef Bulk

50%

4,400~4,500

4,500~4,600

6 2018

-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: 14/May/2018

Unit: RMB/mt

China Soybean Meal Market Future Price Week #20

Contract Period

Today’s Price

1 weeks ago

2 week ago

3 weeks ago

May 2018

2,991

3,091

3,105

3,128

September 2018

3,067

3,189

3,225

3,214

January 2019

3,115

3,234

3,259

3,242

Cash price of China soybean meal has been going down since April 11 till this week while trade conflict between China and the US has mutually reached certain compromise. CFO collects up there’s a 16% of decrement at RMB price per ton which is equal to a reducing status from the previous ceiling RMB3,560/ton down to recent RMB2991/ton.

 

 

We welcome your comments and inputs!

 

CFO Reporter: Charles Wang

Email: cfo@chinafeedonline.com

Type Report: 
Weekly


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