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Chinese fishmeal port inventories have dropped below 100,000 tonnes, leaving tradable low-priced supply largely exhausted. Spot quotes for Peruvian Super, Japanese grade and standard fishmeal held at 26,200-26,500, 25,000-25,500 and 23,000-23,500 yuan per tonne.
Indian, Thai and Vietnamese fishmeal are also quoted higher as buyers switch to cheaper origins.
Tight domestic stocks give sellers pricing power and support fishmeal prices, while weak aquaculture demand limits feed mills to buying only as needed. Prices are expected to consolidate at high levels in the short term.
ncp.mysteel.comNov 12, 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.
