The market saw raw materials prices in Hainan at RMB 8.4/kg and in Guangdong at RMB 8.8/kg. The supply shortage led to higher quotes for fillets, although the raw materials prices didn’t fully reflect this increase. Some factories still had stock, particularly of CO treated fillets, and were waiting for the market to stabilize. The expectation was that the market might continue to see an upward trend, influenced by large orders from major clients, though a price reduction was also possible if the current price levels were not accepted by clients. The overall raw materials supply was projected to decrease by about 40% for the year.
