Today ( Sept. 19th), the market for meals in China is shown as follows:

    Soybean meal: Confronted with the escalating trade spats, US soybean ended down last night. Today, meals on DCE turn stagnated in price and fluctuate slightly. Soybean meal slips in spot price and gets pale in turnover. The prices in coastal areas range from 3,260 to 3,320 yuan/tonne, down 10-20 yuan/tonne from yesterday (Tianjin 3,290, Shandong 3,260-3,300, Jiangsu 3,280-3,300, Dongguan 3,300-3,330, Guangxi 3,300-3,320). Soybean meal spot price is crawling along its upward trend and may see adjustments with fluctuations later, for African swine fever has added up to 18 cases and mixed meal demand may be multiplied by the enlarged price difference between soybean meal and mixed meal. But the upward trend will dominate in fluctuations as there is little space for soybean meal to have callbacks under trade disputes when oil mills are keen on supporting prices. And such kind of market is mainly created by a three-consecutive-week fall of soybean meal stock under a fair demand before double holidays as well as tight forward soybean supply (especially in December to January) under trade war. Buyers can wait for callbacks and replenish on the dips.

    Imported rapeseed meal: Today, imported rapeseed meal price sees adjustments steadily. Rapeseed meal in coastal areas is quoted at 2,420-2,480 yuan/tonne, fluctuating at 10-20 steadily (Great Ocean in Fangchenggang offers 2,440, stable; Fuzhiyuan in Dongguan 2,480, stable; Zhangzhou Chinatex, Fujian 1901+150 upon basis). Both the contagious African swine fever and existing stock pressure of soybean meal and rapeseed meal are weighing on rapeseed meal market and pushing it into a  state of callbacks and adjustments with fluctuations. But due to growing consumption on poultry products before double holidays and peak season of aquaculture, in addition to the increasing demand for rapeseed meal by the widened price difference between soybean meal and rapeseed meal and market’s concerns over soybean supply tensions in December to January under trade spats, rapeseed meal price will see little space for callbacks in the short term and will go up in general before trade disputes stop. Buyers may as well stand on the sidelines and make proper replenishment upon low and stable prices.

    Cottonseed meal: The escalating trade spats create a bullish market for domestic meals, plus a tight supply of cottonseed meal under growing consumption on poultry products and peak season of aquaculture, some cottonseed meal prices continue to go up by 20 today. But meals on DCE turn stagnated and decline slightly today, with soybean meal spot prices to fall 10-20, while demand for cottonseed meal is not observed under the contagious African swine fever, so its price is still weak in surging. Overall, short-term market may edge up with fluctuations.

    Imported fishmeal: Today, imported fishmeal is quoted steadily, being traded with limited price negotiations but performing well in port shipment generally. Northern port: Peruvian ordinary SD fishmeal with 65% protein content is 10,600-10,700 yuan/tonne; Peruvian Japanese SD fishmeal with 67% protein content is 11,800-11,900 yuan/tonne; Peruvian super SD fishmeal with 68% protein content is 12,000-12,100 yuan/tonne. Southern port: Peruvian ordinary SD fishmeal with 65% protein content is 10,700 yuan/tonne; Peruvian Japanese SD fishmeal with 67% protein content is 11,800 yuan/tonne; Peruvian super SD fishmeal with 68% protein content is 12,000 yuan/tonne. Stocks at port: Huangpu 53,000 tonnes, Fuzhou 38,000 tonnes, Shanghai 51,000 tonnes , Tianjin 1,000 tonnes, Dalian 5,000 tonnes, Fangchenggang 1,000 tonnes and 4,000 tonnes at other ports. Spot quotations (FOB) in foreign market keep stable: Peruvian ordinary SD fishmeal with 65% protein content is quoted at 1,360 USD/tonne, and 1,630 USD/tonne for super SD fishmeal with 68% protein content. Chilean ordinary fishmeal with 65% protein content is quoted at 1,510 USD/tonne, prime with 68% protein content is 1,610 USD/tonne. On the whole, domestic market for fishmeal is propped up and may see stable rises in the short run, on account of factors including limited growth of stocks at ports, intensive hoarding ports for stocks and a firm foreign market.

(USD $1=CNY 6.85)