The raw material prices for Russian pollock remain high and stable, with the 2026 contract price becoming a global focus.

According to UCN, several industry insiders from Russia and China stated that recent price fluctuations are largely driven by short-term supply and demand. Due to some buyers purchasing at high prices amid shortages, spot prices briefly rose, but the high prices could not be sustained. Russian suppliers generally believe that as December approaches the year-end settlement period, prices will likely see a pullback, with the key factor being whether the extent of the pullback is sufficient to form new purchasing motivation. Purchasing activities in the Chinese market have clearly slowed down. A Russian exporter revealed, "Some Chinese factories have already suspended raw material procurement, waiting for the new catch from the new season in the Sea of Okhotsk in January 2025." Due to limited production capacity in Chinese factories during the Spring Festival holiday (February 17 to March 3), the output of secondary frozen fish fillets will be limited in the short term, making market ...