Pre-festival demand warms up, squid prices stabilize after falling.

Southeast Pacific Squid: Inventory Replenishment Demand Drives Price Increase In the 51st week, the average settlement price for Southeast Pacific squid at the Zhejiang Farmers' Produce Exchange was 14,995.11 yuan/ton, with a transaction volume of 225 tons, unchanged from the previous week. In terms of comprehensive pricing, the prices of large heads, bodies, and large raw strips increased by more than 500 yuan/ton, while small raw strips and tail fins rose by 250-400 yuan/ton. As the peak production period at the end of the year approaches, the purchasing enthusiasm of downstream processors has increased, leading to a noticeable rise in spot inquiries, and the market's short-term demand has strengthened, causing prices to stop falling and stabilize. Regarding the Peruvian catch, the Dosidicus gigas fishing season is entering its final stage. If the catch exceeds the 38,859-ton replenishment limit, the 2026 quota will be used and compensation measures will be implemented. The production department has also relaxed restrictions, allowing some anchovy fishing vessels to switch to squid fishing, effectively lifting the quota constraints. Recently, the landed squid has larger specifications but lower quality, posing challenges for export-grade processing. Southwest Atlantic Squid: Limited Fluctuation in Inventory Reduction Stage There were no transactions for Southwest Atlantic (offshore) squid this week, but the comprehensive pricing showed a decrease of about 250 yuan/ton for 100-150g and 200-300g specifications, while other varieties remained stable. Some prices fell slightly due to the impact of the new season's fishing starting. The new fishing season in Argentina will begin on January 2, 2026, and fishing vessels are in the final preparation stages. Other Production Areas: Overall Stable Operation Data from the Weihai International Marine Commodities Trading Center showed that the prices of Peruvian equatorial squid and Argentine squid both experienced a slight increase. The prices of squid from the Northwest Pacific and the Indian Ocean remained stable, with no significant fluctuations. The amount of self-caught squid entering the Zhoushan port increased compared to the previous period, and market supply remained stable. Market Observation and Outlook In the 51st week, the overall Chinese overseas squid market showed a "stabilizing and warming" trend. Southeast Pacific squid became the main force supporting the market, with pre-holiday inventory replenishment and the nearing end of the Peruvian production season jointly pushing up prices. In comparison, Southwest Atlantic squid is still in the period of inventory reduction and transition to the new season, with relatively stable prices. Overall, this round of warming is more of a staged adjustment before the holiday rather than a trend reversal. In the short term, pre-holiday demand may continue to support a gentle upward trend in prices, but whether a sustained rebound can be formed will depend on the progress of subsequent processing orders and inventory digestion.