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MARKET

January 8, 2019
 
China Whey Weekly: No signs of recovery (week ended Jan 7, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were mostly unchanged.        
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Dec 31
(RMB/tonne)

Price as of
Jan 7
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,700

7,650

-50

 

Tianjin

7,700

7,700

0

 

Shandong

7,800

7,750

-50

 

Guangdong

8,200

8,200

0

 

Jiangsu

-

-

-

 

Beijing

7,700

7,700

0

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,800

8,800

0

 

Guangdong

8,800

8,800

0

 

Jiangsu

-

-

-

 

Beijing

8,700

8,700

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1458 (Jan 8)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey remained in the range of US$ 661-783/tonne.
 
 
Market analysis
 
Whey market stayed weak as feed millers held back purchases while piglet feed population was low, hence curtailing feed demand. However, most traders stood firm with the costs of imports staying high even though a handful of them were willing to give slight discounts to move sales.
 
Meanwhile, most sellers halted the price releases of high-protein whey with limited stocks to offer.
 
 
Market forecast
 
Whey prices are expected to stay around current levels as traders' profit margins are paltry. Demand will continue to remain poor with the protein requirements for animal feed lowered and the population of piglet limited.
 

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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