The 6th-8th week of Fishmeal market weekly report in 2010: the market was still lack of purchasing enthusiasm

1.         International market

Peru

The 8^th week, the transaction was sluggish in the Peruvian market, at present, the FOB reference price of the Peruvian super steam fishmeal was about 1680 dollars per ton, the price of other fishmeal was in according to 10 dollars per ton of the diminishing rate. The current presale volume of the Peruvian fishmeal was about 200,000 tons, which had almost accomplished the selling programmed. As the current strength of the US dollar suppressed the purchasing enthusiasm of the European traders, the transaction was sluggish in the Peruvian fishmeal market.

Chile

This week, the Chilean fishmeal price was still high; the FOB reference price of the local super steam fishmeal was about 1700-1720 dollars per ton, and the FOB reference price of the iron turtle fishmeal was about 2170-2180 dollars per ton, increased 10-20 dollars per ton compared with that before the festival. As the fishing schedule of the southern Chilean regions postponed to March 5, and the holistic fishing situation was not optimistic, therefore, the supply tension would continue to support the high Chilean fishmeal price.

Table 1¡¡the latest quotation price of the international fishmeal on February 26th (Peru, Chile)

2.       Domestic market

Inventory: According to our site statistics, as of February 24, the gross stock volume of domestic main port was 74,000 tons. Among which Huangpu port was 31,000 tons, Shanghai port was 15,000 tons, Fuzhou port was 10,300 tons, Tianjin port was 3,200 tons, Dalian port was 4,700 tons, Zhanjiang port was 1,500 tons, Fangcheng port was 1,400 tons, and other ports 4,000 tons.

Imported fishmeal

The 6th-8th week (February 8th-February 28th) in 2010, this week, the offering price of the domestic major ports was stable, and the transaction turned a little better in some ports. As the southern aquatic breeding industry started early in Huangpu ports, some small and medium aquatic breeding enterprises that did not purchase before the festival had successively started the procurement; in northern ports, there was still time for the procurement of the aquatic feed enterprises, so they was not eager to purchase. However, as the holiday was over, the recent inquiries increased apparently, and the major buyers were the pig feed enterprises and fur feed enterprises.

The special details were as follows:

Huangpu port:

This week, the Huangpu port fishmeal price was stable, the offering price of the old stock super fishmeal was about 12000yuan per ton, and the offering price of the Taiwan super steam fishmeal was about 12500-12700yuan per ton. The price of the new super steam fishmeal was about 13400-13500yuan per ton, and its transaction price was about 13000-13200yuan per ton. The inquiries of the aquatic feed enterprises increased, while with the domestic high price, the traders were not eager to purchase. This week, there were 1000 tons new arrival containers in Huangpu port, and the stock volume was about 31,000 tons.

Fuzhou port:

This week, the price of the iron turtle fishmeal kept firm, the reference price of the local turtle iron fishmeal was 13000-16000yuan per ton. Recently, the concentration of control of supply was in the hands of a few men, most traders did not offer the price. This week, the white fishmeal supply was tight, and the reference price of the Russian white fishmeal was about 14500yuan per ton, due to the tight supply volume, the concentration of control of supply was in the hands of a few men, the traders had suspended offering their price.

Shanghai port:

This week, the fishmeal price was stable, the recent offering price of common fishmeal was about 12000yuan per ton, and the offering price of Taiwan fishmeal was about 13000yuan per ton, the super steam fishmeal price was about 13300-13500yuan per ton. Recently, the domestic feed enterprises resumed production successively, the feed enterprises that had little stock volume increased the inquiries, and the stock volume of the port could not increase any more. On February 24, the shipment volume of Shanghai port was 110 tons, the new arrival containers was 2000 tons, at present, the fishmeal stock volume of Shanghai port was 17,700 tons.

Tianjin port:

This week, the fishmeal price of Tianjin port was stable as well, at present; the offering price of Peruvian super steam fishmeal (67.89% CP) of the new season was about 12300yuan per ton. The offering price of Peruvian steam fishmeal (68% CP) was about 12800yuan per ton, the offering price of the Peruvian super steam fishmeal was about 13300yuan per ton. At present, the local price adjusted slightly, and the holistic market was stable.

Dalian port:

The week, the transaction price of Dalian port increased, the offering price of FAQ fishmeal (65% CP) was about 12000-12200yuan per ton, and the offering price of super steam fishmeal was about 13500-14000yuan per ton. The local fishmeal market was stable, and the transaction was sluggish.

Fangcheng port:

This week, the price was also stable. The recent price of the common fishmeal was about 12000yuan per ton, the price of Taiwan fishmeal was above 12500yuan per ton, and the super steam fishmeal price was about 13000-13300 yuan per ton. The local fishmeal market reached deadlock.

Domestic fishmeal

Recently, the domestic fishmeal price of Shandong Shidao was stable, the current reference price of the TVN 150 semi-skimmed fishmeal was 10500yuan per ton, and the reference price within the TVN 120 skimmed fishmeal was 11000yuan per ton.

3.       Market analysis

3.1     The supply and demand situation reached the deadlock.

 This week, the stock volume of major ports continued to increase, as the new products arrived at ports successively, the stock volume of domestic major ports was over 67,000 tons. The traders that controlled the supply was confident in the further market, even with the sluggish transaction, there was still little room for the offering price decrease. Jobbers were hesitating, the small and medium feed enterprises had the restocking demand, while with the high price, they purchased with discretion.

3.2     The arrival volume of the high quality fishmeal increased and the supply situation had changed.

As the adjustment of the Peruvian processed enterprises and the reasonable protection of the fishing resource, the quality of the Peruvian fishmeal of new fishing season improved significantly, and the supply tension of the common fishmeal emerged in domestic major ports. The arrival volume of the level over Taiwan fishmeal increased, and the protein of the common fishmeal increased. The reference price of the level over Taiwan fishmeal was over 12800yuan per ton. With the arrival volume of the high quality fishmeal increase, the transaction price adjusted slightly. The arrival volume of the hot air fishmeal increased apparently, and its offering price was over 12500yuan per ton, while the transaction was sluggish.

3.3     Waiting for the reconnaissance report, the recent Peruvian fishmeal market was sluggish.

Recently, the reconnaissance report of IMARPE for the local coastal fishing condition did not released, while there were many rumors about the fishing quota volume of the next fishing season in the Peruvian market. According to the latest rumor, the fishing quota volume of the next fishing season would decrease to 2.5 million tons. Therefore, with the El Nino speculation, the current Peruvian fishmeal manufacturers were discreet, moreover, the presale volume of the Peruvian had almost accomplished the selling plan, and so the Peruvian fishmeal manufacturers would not adjust the offering price. According to the JCI, the FOB reference price of the Peruvian super steam fishmeal was about 1680 dollars per ton.

4.       Market analysis

At present, the price was stable in the domestic fishmeal market, the current inquiries of the feed enterprises was sluggish with less transaction volume. The shipment volume of the domestic major ports was 400 tons. The Peruvian fishmeal price of the international market adjusted slightly, with the supply tension, it had limited impact on the domestic market. The price of the Chilean high quality fishmeal was still high. At present, the arrival volume of domestic major ports was much larger than the shipment volume, and the stock volume of the domestic major ports was over 70,000 tons that eased the supply tension. Although the price had stable since two months ago, the domestic market was discreet. The domestic supply and demand reached the deadlock, and waited the fresh news to guide the market.

Table 2¡¡Prices of fishmeal in domestic market (Yuan/ton)

Figure 1¡¡Average prices of domestic imported fishmeal in most ports (Yuan/ton)