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January 29, 2019
 
China Whey Weekly: Prices plummet amid lacklustre demand (week ended Jan 28, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices fell sharply.                             
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Jan 21
(RMB/tonne)

Price as of
Jan 28
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,200

6,700

-500

 

Tianjin

7,300

6,800

-500

 

Shandong

7,300

6,800

-500

 

Guangdong

7,300

6,800

-500

 

Jiangsu

-

-

-

 

Beijing

7,500

6,800

-700

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,600

8,500

-100

 

Guangdong

8,600

8,500

-100

 

Jiangsu

-

-

-

 

Beijing

8,600

8,500

-100

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1485 (Jan 29)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey were stable the range of US$ 794-948/tonne.
 
 
Market analysis
 
Feed producers were not motivated to stockpile whey as piglet feed consumption was poor. Traders who were eager to obtain cash sashed prices in efforts to clear stocks.
 
 
Market forecast
 
Prices of whey are seen stable in the coming week following the recent price plunge. However, demand will remain limited as feed producers halt operation prior to the Chinese New Year celebration.
 

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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