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Market Reports

February 6, 2018
 
China Whey Weekly: Light demand keeps prices stagnant (week ended Feb 6, 2018)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices remained soft.                        
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Jan 30
(RMB/tonne)

Price as of Feb 6
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,000

5,800

-200

 

Tianjin

5,800

5,800

0

 

Chengdu

6,300

6,300

0

 

Guangzhou

5,800

5,800

0

 

Dalian

5,800

5,800

0

 

Beijing

5,800

5,800

0

 

Xiamen

5,800

5,800

0

High protein

Shanghai

8,500

8,500

0

 

Tianjin

8,500

8,500

0

 

Chengdu

8,500

8,500

0

 

Guangzhou

8,500

8,500

0

 

Dalian

8,500

8,500

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$0.1590 (Feb 6)

 
 
Suppliers' quotes
 
Price quotes of US feed-grade whey remained dipped to the range of US$331-507/tonne.
 
In Europe, whey prices stayed firm the range of EUR610-630/tonne.
 
 
Market analysis
 
As hog market weakened further over the week, demand for whey softened in tandem. Moreover, with the post-Chinese New Year market for pork poised to be slack, feed producers saw no urgency to stock high inventories of hog feed ingredients.
 
 
Market forecast
 
Sales of whey will remain poor with no signs of piglet feed demand recovery in sight. Traders will be in a better position to lower prices in the coming period as the costs of US whey have fallen while renminbi stays strong.
 

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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