Skip to Content Facebook Feature Image

Seafood trade surges in south China's Guangxi after fishing moratorium

China

China

China

Seafood trade surges in south China's Guangxi after fishing moratorium

2025-08-24 16:54 Last Updated At:20:37

Beihai City of south China's coastal region of Guangxi has seen a surge in seafood trade since the annual South China Sea fishing moratorium was lifted on August 16.

Even before dawn, fishing boats started to dock along the shore, bringing back a rich variety of seafood, attracting wholesalers and local residents eager to purchase the fresh catch.

At a port in Qiaogang Township, peak hours of seafood trade fall between 3:00 and 5:00.

On the early morning of Saturday, workers carried basket after basket of seafood from the boats to the fish market, which was already filled with vendors examining the goods and inquiring about prices.

A continuous flow of trucks also arrived to transport fresh catch. Workers were busy counting, sorting, weighing, and packaging the seafood, preparing it for distribution to markets across China.

Beihai has registered 4,751 fishing boats so far this year. Since the start of the new fishing season, these boats have been setting out to sea in succession. Their catches include a variety of seafood such as groupers, mantis shrimp, crabs, lobsters and squids.

E-commerce vendors in this township received about 5,200 orders on Saturday alone, generating online sales of around 1.6 million yuan (more than 223,000 U.S. dollars), according to data provided by a seafood e-commerce association in Qiaogang.

About 60 percent of these orders came from south Guangxi and neighboring Guangdong Province, with the farthest orders arriving from northwest China's Xinjiang Uygur Autonomous Region about 4,000 kilometers away.

Seafood trade surges in south China's Guangxi after fishing moratorium

Seafood trade surges in south China's Guangxi after fishing moratorium

China's Dalian Commodity Exchange (DCE) officially launched coking coal options on Friday, marking a new step in enhancing futures market services for the coal-coke-steel industrial chain and the real economy.

As a fundamental raw material for the steel industry, coking coal plays a vital role in ensuring the steady development of steel and related sectors. The listing of coking coal options signals further improvement in China's derivatives market service system.

"After the listing of coking coal options, these instruments will synergize with the existing coking coal futures, coke futures, and iron ore futures and options. This will further improve the risk management tool system for the coal-coke-steel industrial chain, provide more refined and diverse risk management solutions for enterprises, and safeguard their stable and sound operations," said Hu Gangxu, director of the futures derivatives department of Dalian Commodity Exchange.

China is the world's largest producer and consumer of coking coal. Its prime coking coal output accounts for more than 50 percent of global production, while consumption represents over 60 percent of the world total.

China launches coking coal options

China launches coking coal options

Recommended Articles