Post-Holiday Squid Market Recovers: Southeast Pacific Leads Rally, November May See Uptrend

In Week 42 of 2025 (Oct 10-16), with processors resuming operations after the double holidays, China’s squid market recovered and prices stabilized. Southeast Pacific squid became the main driver of the rally, while markets across major producing regions showed clear divergence.

Southeast Pacific Squid: Prices & Volumes Rise, Demand Recovers

• The average price reached RMB 20,239.31/ton, up significantly month-on-month. Prices of extra-small, medium, and large whole squid all increased by over RMB 1,000/ton.

• Total trading volume hit 5,719 tons, with extra-small whole squid (2,190 tons) and small whole squid (2,047 tons) accounting for 74% of the total. Demand from the processing sector recovered noticeably.

Divergence Across Producing Regions: Tight Supply in Peru, Stability with Minor Changes Elsewhere

• Peru: In the first half of October, 5,193 registered fishing vessels went to sea, landing 52,055.5 tons of squid—exceeding the annual quota. With the fishing season drawing to a close and tight resources, prices remained firm.

• Southwest Atlantic (offshore): The average price was around RMB 36,576.92/ton, fluctuating within a narrow range.

• Northwest Pacific: Ample supply led to a slight drop in quoted prices.

• Indian Ocean: Prices stayed stable, with no significant changes in supply and demand.

November Outlook: Stocking Season + Tight Supply May Trigger New Upward Cycle

As the year-end stocking season approaches, demand is expected to surge. Tight supply in core producing regions like Peru and the Southeast Pacific will hardly ease in the short term. Industry insiders predict squid prices will enter a new upward cycle in November, with the market trend remaining "stable with upward momentum" ahead.