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White bag steam TASA fish meal PEru offer in Chinese market by Dongguan Linshi

Weekly movements of fishmeal and fish oil (Norway, China, Peru) Week 36-37

WORLDWIDE
Friday, September 13, 2019, 23:50 (GMT + 9)

Through week 36,  550,311 tonnes of fish were destined for reduction at an average price of NOK 2.85/kg, down 19% on those destined for such purpose during the same period in the previous year.

Table 1: Catch volumes destined for fishmeal and fish oil production, Norway, 2018/2019, in tonnes

Species

Tonnes 2019

Tonnes 2018

Variation %

Herring

45,531

41,798

+9%

Blue whiting

343,623

449,455

-24%

Sandlance

2,797

8,111

-66%

Capelin

0

97,305

-100%

Small sandeel

124,509

68,548

+82%

Norway pout

31,123

9,865

+215%

Others

2,728

2,971

-8%

Total

550,311

678,053

-19%

Source: Norges Sildesalgslag/FIS.com

China

At the beginning of week 37, inventories amounted to 290,000 tonnes. Volumes leaving the warehouses amounted to almost 28,000 tonnes during the preious week.

Table 2: Average price of fishmeal at the main Chinese ports 2019, in RMB/t

Quality

Price (RMB/t)

Week 36

Week 35

FAQ 65%

9,500

9,650

SD 68%

10,200

10,400

Source: FIS.com

Graph 1: Weekly average prices of fish meal FAQ in the main ports of China, 2015/2019, in RMB/t

Graph 1: Weekly average prices of fish meal FAQ in the main ports of China, 2015/2019, in RMB/t

Source: FIS.com

Graph 2: Average weekly prices of SD fishmeal in the main ports of China, 2015/2019, in RMB/t

Graph 2: Average weekly prices of SD fishmeal in the main ports of China, 2015/2019, in RMB/t

Source: FIS.com

Graph 3: Evolution of the weekly average prices of fishmeal in the main ports of China, 2015/2019, in RMB/t

Graph 3: Evolution of the weekly average prices of fishmeal in the main ports of China, 2015/2019, in RMB/t

Source: FIS.com

Table 3: Price of white fishmeal, RMB/t, 2019

Quality

Origin

Price (RMB/t)

Week 36

Week 35

65-66%, produced on board

USA

13,300

13,300

58-60%,

Russia

10,600

10,600

Source: FIS.com

Peru

Prices fell about USD 50 per t, compared to high inventories in China.

Table 4: Average prices of Peruvian fishmeal, in USD/t FOB, 2019

Quality

Average FOB price USD/t

Week 37

Week 36

SD 68/10/10/4(1)/120/7.5/500

1,350

1,400

SD 67/10/10/5(2)/120/10/1000

1,300

1,350

SD 67/10/10/5(2)/120/10

1,250

1,300

SD 67/10/10/5(2)/150/10

1,200

1,250

FAQ 66/12/10/5/2

1,100

1,150

FAQ 65

1,050

1,100

Source: FIS.com

Other origins

Chilean 67% fishmeal is at USD 1,510 and that produced in Iceland, 70%, at USD 1,835, both FOB Germany.

 

Fish oil

Peru

Raw fish oil is at USD 1,850/t.

Table 5: Prices of fishoil, Peru, 2019, in USD/t

Oil

Packaging

Incoterm

Week 37

Week 36

Fish oil, raw

Bulk

FOB PI Peru

1,850

1,850

Fish oil, raw

Barrels, FCL

FOB PI Peru

1,900

1,900

Fish oil, raw

Flexitank, FCL

FOB PI Peru

2,000

2,000

Fish oil, omega 3 guaranteed (28% EPA/DPA)

 

FOB PI Peru

2,200

2,200

Source: FIS.com

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