eFeedLink - China Whey Weekly: Cautious traders hold prices stable (week ended Jan 9, 2018)

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January 9, 2018

China Whey Weekly: Cautious traders hold prices stable (week ended Jan 9, 2018)

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Price summary

Prices were unchanged.

Weekly port transaction prices of whey in China
Specification	Port	Price as of Dec 25 (RMB/tonne)	Price as of Jan 4 (RMB/tonne)	Price Changes (RMB/tonne)
Low protein	Shanghai	6,000	6,000	0
	Tianjin	5,800	5,800	0
	Chengdu	6,300	6,300	0
	Guangzhou	5,800	5,800	0
	Dalian	5,800	5,800	0
	Beijing	5,800	5,800	0
	Xiamen	5,800	5,800	0
High protein	Shanghai	8,500	8,500	0
	Tianjin	8,500	8,500	0
	Chengdu	8,500	8,500	0
	Guangzhou	8,500	8,500	0
	Dalian	8,500	8,500	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$0.1538 (Jan 9)

Suppliers' quotes

Price quotes of US feed-grade whey continued to stay flat in the range of US$331-551/tonne.

In Europe, whey prices strengthened to the range of EUR580-600/tonne.

Market analysis

Demand for hog increased lately amid falling weather temperatures. Nevertheless, the sales of whey remained slow while piglet inventories stayed low. With profit margins meagre and prices of whey showing signs of rising in Europe, traders stood firm during the week in review.

Market forecast

With piglet consumption slow, usages of whey will be limited. However, tight rail schedules due to the stormy winter climates are likely to delay deliveries, hence lending support to the whey market.

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.