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China

January 22, 2019
 
China Whey Weekly: Market weakens further as traders compete to clear stocks (week ended Jan 21, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices dropped further.                     
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Jan 14
(RMB/tonne)

Price as of
Jan 21
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,500

7,200

-300

 

Tianjin

7,600

7,300

-300

 

Shandong

7,600

7,300

-300

 

Guangdong

8,000

7,300

-700

 

Jiangsu

-

-

-

 

Beijing

7,600

7,500

-100

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,600

8,600

0

 

Guangdong

8,700

8,600

-100

 

Jiangsu

-

-

-

 

Beijing

8,700

8,600

-100

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1470 (Jan 22)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey strengthened to the range of US$ 794-948/tonne.
 
 
Market analysis
 
Whey demand was sluggish as an underperforming hog market hampered the sales of feed. Traders who were concerned that demand would tumble further after the Chinese New Year holidays slashed whey prices in efforts to clear stocks.
 
 
Market forecast
 
Surging US whey costs will lend some support to the market. However, buyers will be inclined to stand on the side lines as China is expected to increase US dairy imports.
 

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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