Price may decrease! GOOD NEWS for Chinese Export Market after Chinese New Year

Since March, several good news for China’s import and export market has brought vitality to the Chinese seafood market. Ocean Treasure presents.

The first is the issue of freight cost for export. The latest price is now much lower than it was during the New Year.

For the main European ports (except for the UK), the current freight cost is basically around 6000-7000 US dollars, compared to 10,000 during the Chinese New Year. The price in US dollars is still much lower. Besides, the United States price is basically around 5,000 dollars, and it continued to decline on March 11, between 4,500-5,000 US dollars.

Another good news is that several domestic, including Zhanjiang, Qingdao, Dalian, and Shidao, whose customs clearance capabilities are continually improving. The raw materials from Russia stuck in Dalian port begin to be handled in premium line warehouses. For example, Zhanjiang port can now complete customs clearance in about a week, and its efficiency is also higher than the previous level.

Next, let’s take a look at the market analysis of Vannamei Chinese domestic import products

Vannamei

At this stage, the price of vannamei in India is still very high. India’s current harvest of raw materials is relatively small, and the factory has fewer raw materials entering the market. This situation is also one of the reasons for the high price of vannamei in India. The price of this week will be higher. It is 0.2-0.3 dollars higher than the previous week. April is the new harvest season in India. The stock of seedlings in this season expect to be 30%-40% of the whole year. Andhra Pradesh still has raw materials at this stage, but there are no raw materials on the west coast, and we have to wait until the new season. There are not many exports from India to China because the number of factories accepting the nucleic acid clause is not many. This situation in India will be better in April.

In Ecuador, the current price is stable. Recently, many importers have imported Ecuadorian vannamei shrimp. The raw materials are relatively sufficient.

Due to the very high domestic shrimp price in the early stage, the advantages of imported vannamei shrimp are undeniable. If customs clearance and transportation costs slowly recover, the imported vannamei shrimp market is still imposing.

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