Inverted phenomenon intensifies, two big market inventory emergency, white shrimp price still have to rise how long?

Recently, with the opening of the 27th China International Fisheries Expo in Qingdao, the dynamics of the white shrimp market have attracted more attention.

According to importer feedback, although the futures prices of most Ecuadorian white shrimp factories have not been updated, the market is widely expected to have a new round of games and price adjustments during the exhibition.It is worth noting that a small number of factories have seen a slight reduction in 50/60 shrimp futures prices, but the reduction is limited to $0.1 per kilogram.However, on the whole, it is an indisputable fact that the cost of white shrimp arriving in Hong Kong in the next two months will rise.

In the spot market, this rising cost trend is already reflected in the selling price.As the cost of white shrimp arriving in Hong Kong is higher than the current spot price of frozen white shrimp in wholesale markets, the domestic spot market continues to rise this week due to continued price inversion.Different importers are raising wholesale prices for six consecutive years to cope with the pressure of rising costs, depending on their inventories.

In the international market, the white shrimp trade brings new opportunities and challenges.The U.S. Department of Commerce has made a final ruling on anti-dumping and countervailing duty investigations against prawns from Ecuador, Indonesia, India and Vietnam.Among them, the anti-dumping duty rate of white shrimp from Ecuador is lower than the minimum limit of 2%, and the countervailing duty rate is also lower than that of Indian shrimp, becoming the big winner of shrimp import in the United States market.The ruling has won Ecuador's white shrimp a clear advantage in import tax rates in the US market, further enhancing its competitiveness in the US market.

According to UCN, U.S. inventories are currently at a low level and the wholesale market has formed a bullish tone.Rising prices will be the main theme in the US market for some time.Last week, the price of Ecuadorian shelled white shrimp in the U.S. wholesale market has risen, with prices of different sizes of shrimp rising.

In the China market, although the price of domestic live shrimp pond head fluctuates frequently, the market is more inclined to large-sized shrimp.North China market price storage pond is less, shrimp price slightly warmer.This trend echoes the changes in the global market, which together constitute the current complex situation of the white shrimp market.

With inventories in two important markets, China and the United States, at relatively low levels, Ecuadorean-origin white shrimp has gained greater flexibility in exports.This not only brings opportunities for Ecuadorian white shrimp producers, but also has a profound impact on the global white shrimp trade pattern.