Peruvian fishmeal bullish
Bullish Peruvian fishmeal market for week November 22/28, 2004
Hammersmith Marketing reports a bullish Peruvian fishmeal market for week November 22/28, 2004:
Producers maintained firm prices and this week were able to conclude price levels of US$ 515/MT FAS for FAQ and US$ 517-518/MT for S/D standard.
Landings for the first two days amounted to around 110,000 MT, at this fishing rate the industrial fleet will conclude the quota in a week to 10 days.
It is estimated that the market will remain firm during this fishing window and will perhaps tuen bullish after the Ministry of Production declare the end of the season as it is estimated that demand will continue steady from CHina and other Asian COuntries and will pick up by Germany and other markets.
Market continued active, selling mainly container lots to Asian countries. We also saw some movement for the S/D standard and some low grade S/D to load bulk vessels at US$ 517-518/MT FAS, Thailand grade at US$ 530/MT and Taiwan grade at US$ 540/MT FAS. Producers maintain firm prices for container business as follows:
...SUPER PRIME 590-580/MT FOB FCL Caliao
...PRIME US$ 580/570/MT FOB FCL Caliao
...TAIWAN US$ 570-560/MT FOB FCL Caliao
...THAILAND US$ 560-550/MT FOB FCL Caliao
...STANDARD 65% US$ 540/MT FOB FCL Caliao
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