CFO's weekly China feed update reports Chinese fishmeal port inventories near 316,990 mt with weekly offtake of 32,770 mt and arrivals of 35,800 mt. Soybean meal inventories are rising in China and prices are listed at RMB 2,970/mt for 43% SBM, with Peruvian super prime fishmeal at 12,800-12,900.
Rising port stocks and weak end-user demand point to softer Chinese soymeal and fishmeal prices in the near term. Buyers should watch Peruvian fishing activity, which has recently supported fishmeal prices.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.