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January 18, 2017
 
China Whey Weekly: Market stays stable but lacks momentum (week ended Jan 17, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were unchanged.                        
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Jan 10
(RMB/tonne)

Price as of Jan 17
(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$0.1454 (Jan 18)

 
 
Suppliers' quotes
 
In Europe, whey prices increased to the range of EUR820-850/tonne.
 
Price quotes of US feed-grade whey were stable to higher in the range of US$694-926/tonne.
 

Market analysis
 
While renminbi continued to appreciate of late, traders were in a better position to hold up whey prices even as import costs moved higher. However, with piglet feed demand poor in China amid low population, whey prices lacked the momentum to move higher.
 
 
Market forecast
 
Several feed millers will be halting operation soon with Chinese New Year less than two weeks away. Sales of whey are therefore unlikely to be strong amid dwindling feed production.
 
Traders are expected to hold prices around current levels unless renminbi depreciates sharply in the coming days.
 

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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