Week 48: Squid prices hit new lows, market pressure to clear inventory continues to intensify

Southeast Pacific Production Area: Supply is loose, small-sized products lead the decline This week, the average settlement price for squid in the Southeast Pacific was 17,797.22 yuan/ton, down about 1.2% from the previous week, marking the third consecutive week of hitting the lowest point of the year. The most significant declines were seen in small small strips and extra small raw strips, which fell by 1,120 yuan/ton and 1,275 yuan/ton, respectively; small raw strips fell by 850 yuan/ton, while large head, small head, tail fin, and medium-large raw strips saw relatively limited declines, between 200 and 400 yuan/ton. In terms of comprehensive pricing, the market price of small small strips dropped by 2,750 yuan/ton, extra small raw strips fell by 1,700 yuan/ton, and tail fin and body dropped by 1,500 yuan/ton. Transaction data also showed weak market sentiment. The trading volume of Southeast Pacific squid was about 8,000 tons, down 6.8% from the previous week, with extra small ...