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January 5, 2017
 
China Whey Weekly: Traders stand firm amid rising import costs (week ended Jan 3, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Dec 26
(RMB/tonne)

Price as of Jan 3
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

8,000

8,000

0

Tianjin

8,000

8,000

0

Chengdu

8,300

8,300

0

Guangzhou

8,000

8,000

0

Dalian

8,000

8,000

0

Beijing

8,000

8,000

0

Xiamen

8,000

8,000

0

High protein

Shanghai

8,500

8,500

0

Tianjin

8,500

8,500

0

Chengdu

8,500

8,500

0

Guangzhou

8,200

8,200

0

Dalian

8,400

8,400

0

Beijing

8,500

8,500

0

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1448 (Jan 5)

 
 
Suppliers' quotes
 
In Europe, whey prices remained at EUR820/tonne.
 
Price quotes of US feed-grade whey rose to the range of US$661-882/tonne.
 
 
Market analysis
 
Despite slack demand amid slow piglet feed consumption, whey market remained stable. While renminbi stayed weak and US whey prices strengthened considerably, traders stood firm to sustain profit margins.
 
 
Market forecast
 
Whey prices are expected to stay around current levels. Even though import costs are on the rise, whey traders will find it difficult to lift prices with demand form the hog sector sluggish.
 
Remarks: Prices refer to port transaction prices of low-protein whey and are for reference only.
 

Remarks: Prices refer to CIF China price quotes (US-Dollar) of low-protein whey and are for reference only.

 


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