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January 16, 2019
 
China Whey Weekly: Traders slash prices to move sales (week ended Jan 14 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.                          
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Jan 7
(RMB/tonne)

Price as of
Jan 14
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,650

7,500

-150

 

Tianjin

7,700

7,600

-100

 

Shandong

7,750

7,600

-150

 

Guangdong

8,200

8,000

-200

 

Jiangsu

-

-

-

 

Beijing

7,700

7,600

-100

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,800

8,600

-200

 

Guangdong

8,800

8,700

-100

 

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$0.1479 (Jan 16)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey stayed unchanged in the range of US$ 661-783/tonne.
 
 
Market analysis
 
Despite tight availability resulting from low whey imports, traders cut prices as an appreciated renminbi helped to lower import costs. However, with piglet feed consumption poor, whey sales failed to improve significantly.
 
 
Market forecast
 
Whey market will remain weak with piglet feed sales disappointing. Even the stimulation of the pre-Chinese New Year buying is unlikely to boost demand by a lot.
 

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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