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January 12, 2017
 
China Whey Weekly: A stronger renminbi helps traders uphold prices (week ended Jan 10, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained flat.
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Jan 3
(RMB/tonne)

Price as of Jan 10
(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$0.1447 (Jan 12)

 
 
Suppliers' quotes
 
In Europe, whey prices strengthened to the range of EUR820-840/tonne.
 
Price quotes of US feed-grade whey increased to the range of US$694-915/tonne.
 
 
Market analysis
 
Demand for whey remained poor in China due to low piglet inventories and low confidence in the livestock market. Traders held prices unchanged despite stronger prices in the US and Europe, as an appreciating renminbi over the past week helped to hold down import costs.
 
 
Market forecast
 
Whey traders will be able to hold prices stable while renminbi remains firm. However, with piglet feed consumption unpromising, the upward scope of whey market will be 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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