# Mysteel morning report: fishmeal market consolidates at high levels amid supply-demand tug-of-war (20261102)

> 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.

- Date: 2026-11-02 · published 2026-11-02T21:07:07.370Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/75792-mysteel-morning-report-fishmeal-market-consolidates-at-high-levels-amid-supply
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- FISHMEAL: neutral

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110208/E5CCBA544F497EED.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.