According to multiple sources, the CFR price of mackerel in Bangkok, Thailand, during the 49th week (December 1–7) remained within the range agreed upon at the end of the previous week, with most market transactions concentrated at the lower end of the range. Despite the previous continuous decline in prices, this week did not see further exploration, indicating that prices may be touching the short-term bottom. The supply of raw materials from the Indian Ocean continues to be steady, while global demand for canned goods remains weak, forming a "stable but weak" pattern. The stabilization in the Bangkok market is mainly due to two offsetting forces: One is the continuous and stable supply of raw materials from the Indian Ocean, which puts significant pressure on the supply side. The other is that global consumption of canned goods is still in a weak period, with no significant signs of recovery in demand. Several Thai canned factories are reportedly still trying to continue lowering the CFR price, but considering the recent slow fishing and reduced transactions in the Western and Central Pacific Ocean (WCPO), there are currently no conditions for prices to continue to slide. An industry insider described the current price as "very likely to be the bottom of this round of the market," because historically when mackerel falls to this range, buying orders usually reappear. Meanwhile, the flooding in southern Thailand is still affecting factory operations. Industry estimates suggest that current processing capacity has only recovered to about 50% of normal levels, with an expected increase to 70–80% by the end of the year. However, the overall impact is still limited to the short term, and its influence on price fluctuations is relatively limited. Manta: Traceable mackerel continues to be in short supply, but high inventory suppresses the overall market Unlike the "stabilization" in Bangkok, the market trend in Manta, Ecuador, is more complex. Mackerel for the EU market, which has complete origin documentation, is still in short supply, maintaining last week's price levels. However, non-certified mackerel has fallen by about $150/ton over the past two weeks, with the market clearly affected by structural imbalance in raw materials and inventory pressure. Inventory is the dominant factor in the local market. Manta's yellowfin tuna inventory is currently reported to have reached nearly 80% of the cold storage capacity, pushing this week's ex-vessel price down to the range of $1,900–1,950/ton. Since most factories will schedule annual maintenance during the Christmas period, short-term demand is expected to remain weak. However, even so, the local market will not shut down completely, and the supply side remains stable. Strong in the Indian Ocean, stable in Seychelles, but slightly up in Abidjan, Atlantic Among the major global production areas, the Indian Ocean continues to maintain strong fishing, with Seychelles' ex-vessel price remaining stable this week, but still showing a downward trend compared to November, reflecting sufficient regional supply. In contrast, the ex-vessel mackerel price in Abidjan, Côte d'Ivoire, increased by $50/ton in November's evaluation, making it one of the few major processing ports to show strength in this period. Market news indicates that some Atlantic mackerel is being shipped to Spain at CIF prices of about €1,600/ton, showing that local trade still has some vitality.