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Chinese fishmeal spot prices held at high levels, with Peruvian super fishmeal quoted at 26,000-26,500 yuan per tonne. Domestic 65% protein fishmeal was quoted at 19,800-20,000 yuan per tonne.
High prices are limiting downstream demand, so buying is mostly small, need-based orders.
Low port stocks and expected supply tightness support fishmeal prices and make replacement protein costlier for feed producers. Strong prices also reduce demand, which limits further upside in the near term.
Not 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.