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Chinese domestic fishmeal prices are consolidating at high levels, with port inventories drawing down slowly and spot supply tight. Traders are holding prices firm and reluctant to sell, while Peru super fishmeal is quoted at 26,000-26,500 yuan/t.
High prices are curbing feed mills' purchasing, which is mostly limited to small rigid-need orders.
Feed mills buying only essential volumes at high prices reduces demand pressure, so fishmeal's upside momentum is fading even though supply remains tight. This suggests prices plateau rather than rise further.
ncp.mysteel.comNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
