Bering Sea pollock quotes rise to $2,550/t, approaching August high!

Bering Sea pollock quotes rise to $2,550/t, approaching August high!

Russian pollock quotes to China have strengthened again. The latest market data show that Bering Sea H&G pollock 25+ CFR quotes have reached $2,550/t, close to the high of $2,570/t set in August this year. Okhotsk Sea pollock, meanwhile, is being affected by factors such as smaller catch sizes and slower fishing progress, drawing attention to market supply expectations.

Looking at the quote trend, Bering Sea pollock prices have re-entered the high range after an earlier pullback. The latest quote is only $20/t below the August historical high. Daily price records from November 6 to 12 provided by the platform show that Bering Sea quotes held steady at $2,550/t for consecutive days, indicating that this round of increases has pushed prices to a high level, although prices were not raised every day this week.

The fishing situation in the Okhotsk Sea has become another focus of current market attention. Citing information from Russian suppliers, the platform said that Okhotsk Sea pollock are on the small side this season, with some sellers reporting that the fish are noticeably small and that fishing speed is also relatively slow. Some suppliers believe that the current catch is not extremely small and that sizes are roughly comparable to the A season, but summer growth was limited.

Catch sizes directly affect the raw material supply structure for different products. For products such as H&G pollock 25+, if the proportion of small-sized fish in the catch is high, the supply of raw material meeting the target size may be affected. Current rising market quotes reflect the support that tight Bering Sea supply is giving to prices; the pace of fishing and size structure in the Okhotsk Sea are variables to watch going forward.

Data from the Russian Federal Fisheries Agency show that as of November 2, 2026, cumulative Russian pollock landings reached 1.9734 million tonnes, compared with 1.9349 million tonnes in the same period last year, an increase of 38,500 tonnes, or about 2%. Of this, landings in the week from October 27 to November 2 were 29,000 tonnes. A year-on-year increase in cumulative landings does not mean that supply in every fishing area and for every size grade is looser in step; fishing progress and fish sizes still differ between the Bering Sea and the Okhotsk Sea.

Local market prices in the Russian Far East are temporarily stable. Platform data show that pollock wholesale prices are 203 rubles/kg, unchanged from last week, equivalent to about $2.46/kg. Rail freight from Vladivostok to Moscow is 33–36 rubles/kg. The platform attributes local price stability to weaker trading activity during the shortened working week and a temporary balance between supply and demand.

The Chinese port market has likewise not followed the dollar quotes upward in step. On November 12, the RMB price for Bering Sea H&G pollock 25+ in the Dalian and Qingdao markets remained at 17,700 yuan/t, flat with the previous several days. With dollar quotes at high levels while domestic port prices are temporarily stable, this means there is still a transmission lag between import costs, inventories and subsequent purchase prices.

At present, Bering Sea quotes are already close to the阶段性 high of $2,570/t, while fishing progress and size performance in the Okhotsk Sea have not yet provided a clear signal of looser supply. For Chinese processing companies, the key things to track going forward are actual landings in the two major fishing areas, the share of the 25+ size grade, and whether high quotes can translate into domestic port transaction prices.