Comments on the market of Tianbao fish meal in the 14th week of 2002

Introduction: Peru's fish catch in week 14 (4.1-4.7) is good, and there are still 400000 MT catches With the implementation of new fishing restrictions (beyond 20 nautical miles), it is estimated that the fish catch in these weeks will be reduced (estimated at 250000 / 300, This week, anchovy is still the main catch, most of which are still small fish, so the fish meal produced is still low protein Favorable factors: 1) fish harvest is still concentrated in the south central part, so many FAQ fish meal contracts are still unable to be handed over, and middlemen are forced to pay high prices to fill the empty positions Last night, the transaction price has been raised to nearly USD600 / Mt 2) the new goods can't be loaded before the end of April, so the delivery date will not be earlier than the end of June It is estimated that domestic prices will remain stable in the last two months Therefore, today's import prices still have a relatively large profit and there are still many inquiries in the market 3) the aquatic season is about to start, and the domestic consumption will increase accordingly 4) there is no inventory in the world's major fish meal areas, which are mainly used on the spot If production changes or Peru re bans fishing, a large number of buyers will enter the market 5) the output of domestic fish meal is still poor 6.) as there are still many small fish 20 nautical miles away, it is rumoured that the fish minister will announce a comprehensive ban on fishing after the experimental fishing on the 22nd Disadvantages: 1) fish meal is much better than the previous months If it can be maintained, Peru's export volume will return to normal 2) the price of fish meal is more expensive than other proteins, and the amount of fish meal is reduced.