So, here we are at the end of the month and then end of the quota period with the latest numbers, as of the 28th of January showing only 45,000 m/t to go to full quota. With 3 days fishing remaining they will probably land another 10,000 m/t or so leaving about 35,000 m/t not landed. Overall the fishing in the North has gone quite well and we are much closer to the full quota than some experts had been predicting.
There was a small surge in buying as some people saw reasonable prices for nearby shipments, both China and Germany were in the market but the volume sold was not too great. China goes on holidays for Chinese New Year on February 8th, so we are approaching a period of even less buyer activity but we could see some excitement this week if Chinese buyers want to cover some needs prior to the long New Year holiday.
While there was some buying interest, it was all at lower price levels and the few buyers still sniffing around are looking for even lower prices. Some say that the business done by German buyers this week was about USD 50 m/t lower than the prices shown below – but this cannot be confirmed.
No one in the business is expecting to see prices move higher in the short term as there is lots of supply and only minimal demand – steady to lower would seem to be the direction for fishmeal prices.
European fishmeal prices – FOB North German port.
|
Type |
Protein % |
Price per m/t USD |
| Herring fishmeal |
72% protein |
1,690 |
| Danish fishmeal |
64% protein |
1,480 |
| Peru fishmeal |
64% protein |
1,540 |
| Chile fishmeal |
67% protein |
1,640 |
| Iceland fishmeal |
70% protein |
1,730 |
PERU “INDICATION” FISHMEAL PRICES:
ALL PRICES SHOWN ARE IN CONTAINER, ON VESSEL, AT ORIGIN — US DOLLARS
Minimum shipment of 200 m/t for fishmeal
| Specification |
Price per m/t FOB vessel Peru port |
Price per m/t Chile port |
| 65% protein |
1340/1360 m/t |
|
| 65/66 protein |
1360/1380 m/t |
|
| 67% protein standard steam |
1400/1420 m/t |
1480/1500 |
| 67% protein 150 TVN |
1500/1520 m/t |
1540/1560 |
| 67% protein 120 TVN |
1580/1600 m/t |
1570/1590 |
| 67% protein 1000 hist, 120 TVN |
1660/1680 m/t |
1660/1680 |
| 68% protein 500 hist, 120 TVN |
1700/1720 m/t |
1700/1720 |
| Fish oil, crude bulk |
2000/2050 |
1800/1900 |
| Fish oil, crude drums |
2150/2200 |
|
| Fish oil, flexi tank |
2250/2300 |
|
| Fish oil, Omega 3: 28%EPA/DHA |
2500/2550 |