Market Trends

Recently, the situation in Dalian area has become better than before! Many can think that the covid zero policy is strict, but in the end, it works fast. After all the cases have been detected and separated from the rest of the population, we start to have brighter days.

The production of panga is gradually recovering from the impact of covid 19 (pangasius situation unstable). Most of the panga factories have already recovered 70% of their production, while a few still have 30%-40%.

Dalian meets the whole lockdown in the seafood section. In the early of November, Dalian hit delta covid 19 cases again.

Tilapia, panga, the two most sales economic farmed fish globally, have reached most of the countries in the world. Which fish can replace tilapia and pangasius?

The double control policy- a watershed for China's fishery exporting industry seafood. the China government issued the double control policy - Barometer of 2021 Half-Year Regional Energy Consumption Intensity & Total Amount.

The china todarodes price is still high! Since the fishing ban in China (May to August), the catching of todarodes has been stopped for almost three months. The raw material situation has been in a significant shortage for a long time, and the price is high.

For the raw material, the new offer price increased nearly 50%! Ocean Treasure sees many pending orders have to increase the final price.

Mackerel from China is less competitive with the high freight, With this high freight cost, the FOB price decreased to maintain the full price. Can mackerel FOB Price Descent cover the growth of the freight?

more and more carriers are ready to join the container market for these hot lines, and the freight cost may be stable or decrease in Q4, 2021.

Recently we are facing important changes in the situation here in Vietnam and China. It is important that the Ocean Treasure team share the information to help you understand more what is happening here and how it can affect your own business.