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Peru's Fishing In The North-central Part Of This Season Has Been A Success. Recently, China's Fish Meal Market Is Under Pressure.

- Dec 06, 2018 -

From January 17 to 23 (week 47), Peru's fishing season officially began in the north-central part of Peru during this week. The initial fishing situation was "a red herald" and reached a new high in the past five years. Affected by this, in addition to the high-level operation of fish meal stocks in major ports in China, as well as the restrictions of off-season aquatic products and African swine fever on fish meal consumption, recent quotations for fish meal in major ports in China have been revised under pressure. However, for the moment, the price fluctuation of Peruvian fish meal is still limited, and local manufacturers are mainly on the lookout for the time being.

During this week, Peru's fishing season officially started in the north-central part of Peru on November 15, and the initial catch even reached a new high in nearly five years. According to Imarpe statistics, from November 15 to 20, 2018, the total fishing volume in the north-central part of Peru was 315441 tons, the remaining quota was 178 4559 tons, the quota proportion had reached 15%, and the average daily fishing volume was about 53,000 tons. According to this calculation, the fishing quota in the north-central part of Peru in this season could be completed on schedule by December 23. However, for the moment, although the fishing situation is good and there are low-price inquiries from buyers, the price fluctuation of Peruvian fish meal is limited, and local manufacturers are mainly on the lookout for the time being. According to Huiyi Peru, the current reference price for super steam fish meal in Peru is about $CNF1620 per ton, but the turnover is very light.

On the other hand, for China's fish meal market, under the influence of the obvious preference of fishing situation in the north-central part of Peru this season and the high stock operation of fish meal in the main ports of our country, the demand has been hampered by the off-season fisheries and the spread of African swine fever. Therefore, the recent sales mentality of Chinese fish meal holders has been under pressure, and the port quotation has been quoted. There is also a slight correction. According to Huiyi. com, the current reference price of super steam fish meal in major ports in China is about 1120-11300 yuan/ton, down 100-200 yuan/ton from last week, and there is still room for negotiation according to different manufacturers. At the same time, the stock of fish meal in the main ports of our country has been hovering at a high level of about 180,000 tons recently, which is about 7.4% higher than that at the end of October.

Generally speaking, as Peru's fishing season officially began in the north-central part of Peru, and the initial fishing situation was good, it brought some pressure to the sales mentality of fishmeal holders in China, especially in the case of high stocks and unsatisfactory demand situation in China. However, up to now, although there are some low-price inquiries from some buyers in Peru's fish meal market, the local fish meal quotation remains relatively stable, which to a certain extent also supports the cost of China's fish meal market. Later, the fishing situation in the north-central part of Peru, the fluctuation of the outer plate price and the influence of the change of fishmeal demand on the price trend will remain the focus of attention in the industry.