Time: October 30, 2026,
China market: Key highlights in the whey powder and fishmeal markets:
1. The whey powder market remains stable. Port inventories remain low, and most traders' offers are stable, but market trading sentiment is subdued; some traders are actively offering at market prices and accepting orders with slight concessions. Mainstream quotes for low-protein whey powder are referenced at RMB 8,700–8,800/mt, with actual transactions referenced at RMB 8,600–8,700/mt, and some low-priced transactions referenced at RMB 8,500/mt.
2. The fishmeal market is stable with an upward bias. Support from the overseas market remains firm. Not only are arrivals of Peruvian fishmeal extremely low, but spot supply of fishmeal from other third countries and domestic fishmeal is also tight. The supply side faces little pressure to sell and remains firm in its intention to push prices higher; however, under high cost pressure, downstream purchasing has slowed, wait-and-see sentiment has strengthened, and buyers are mainly making purchases to meet essential needs. Quotes for Peruvian standard-grade steam-dried fishmeal are RMB 22,500–23,000/mt, with actual transactions referenced at RMB 22,400–22,500/mt; quotes for super steam-dried fishmeal are RMB 25,500–26,500/mt, with actual transactions referenced at RMB 25,400–25,500/mt; quotes for domestic 65%/150% fishmeal are RMB 19,000–20,000/mt, with actual transactions referenced at RMB 19,000–19,500/mt.