Since Qingdao Port Company discovered two confirmed cases of COVID-19, it suspended bulk carriers and only opened for containers, which triggered the increase of the price of the Russian Pollock raw materials. 25 cm Russian Pollock rose to $1,230-$1,250/t from $1,100/t price from the latest months.
Analysts from the processing industry commented that: “At present, the pressure on processing plants is generally caused by the supply of raw materials. In China’s inventory is not much left. If the demand for raw materials rises, the price increase will be very significant.”
A Russian supplier mentioned that the prohibition imposed in the Dalian and Qingdao ports regarding the bulk carriers, could make Russian ships to decide to resell in Africa in order to avoid ships being stranded in China.
