A: Market Report

Major China Ports:
Kindly Note to all the foreigner exporters:
CHINA PORTS SPOT PRICE is the price Chinese traders offered to their terminal Chinese customers. They are only one of the factors for your reference to your offers to Chinese importers. Here we want to explain to some of the Ethiopia exporters members, some of them do not know why our China port spot price is much higher than the Ethiopia ECX exporters’ offer. 

1) China ports spot  cargoes  price is the  spot  price. ECX exporters’offer is  the future price  for Chinese traders.  
2) ECX exporters’ FOB  offer+  Freight +insurance+ government tax  in China + financial costs + Holding cost in the port  +  profit of traders  + other fees cost when imported = China ports sport price. 
Anything do not understand, kindly let us know.

a. Huangdao Port

b. Tianjin Port

B: Market Analysis

Today, domestic sesames prices continued to go stable while imported sesame prices continued to move up across major ports in China.

China: From what we gathered, it sold about 1000 tons in total at Huangdao Port yesterday, mostly from Ethiopia, Togo and Niger. And about 20 containers of Ethiopia 1-grade cargos were delivered into the warehouses. More buyers came to the ports as the prices moved up and it’s said that some importers have stopped to offer for their cargos under the circumstance.

Moreover, as the stocks are constantly declining and the majority of low-priced cargos have almost been sold out and the cargos arrived at China later quote higher so China importers have no other way but sell at a higher price to cut losses considering the higher cost. It’s also worth noting that there’s still some profit to gain with the current price but the profit gap has been reduced so importers try to speed up their sales and imports to lock in profit and avoid risks. However, most buyers haven’t bought a lot as they worried the prices may drop again and want to wait till the price trend goes clearer.

Overseas: According to ECX (Ethiopia Electronic Trading Platform), from Nov 9, 2015 to Mar 18, 2016, it traded about 261924.9 tons of new season sesame in toal. HUMERA whittish sesame accounts for the majority and total trading volume declined and the prices moved up. On Mar 18, 2016, it traded about 1528.9 tons of sesame in total, averaging 1116.61 USD/MT, with WOLLGA averaging 718.5 tons, at the price of FOB 1107.57 USD/MT; HUMERA 810.4 tons, at the price of FOB 1128.66 USD/MT.

From what we gathered, currently, it quotes FOB 1200-1290 USD/MT for Ethiopia 1-grade white and 1080 USD/MT for India 99/1/1 white sesame. As the prices have been hiking up from overseas, the prices got propped up in China.

From what I gathered, ever since mid Feb, lots of ships from Africa have been postponed to arrive at China due to the tightened flow of cargos at Djibouti port, which means those shipments to be arrived at China earlier this month will be delayed as least 10 days. With shipments postponed, constant sales as well as declining stocks, this is all the better for the prices across China ports. Moreover, currently, only 20,000 tons of sesame available for sale at Qingdao port and 12,000 tons at Tianjin port and total stocks are way lower than same period of previous years.