# Mysteel Morning Report: Cost Support Strengthens, Domestic Fishmeal Prices Rise Choppily (20261104)

> Peru's ENFEN agency says warming in the tropical Pacific continues and coastal El Niño is expected to stay significant until February 2027, with the first-season anchovy catch next year still expected to be affected. Raw fish prices have risen, pushing Chinese domestic fishmeal quotes higher, especially for products above 67% protein.

- Date: 2026-11-04 · published 2026-11-04T03:06:14.878Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/78967-mysteel-morning-report-cost-support-strengthens-domestic-fishmeal-prices-rise
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Lower anchovy availability keeps fishmeal supply tight, supporting feed costs and prices for buyers. Weak transaction volume suggests demand may struggle to absorb the rapid price increases.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110408/31B58237B9E069D5.html

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