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Livestock & Feed Market

February 7, 2019
 
China Whey Weekly: Market stays soft (week ended Feb 4, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved lower.                          
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of
Jan 28
(RMB/tonne)

Price as of
Feb 4
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

6,700

6,700

0

 

Tianjin

6,800

6,700

-100

 

Shandong

6,800

6,700

-100

 

Guangdong

6,800

6,700

-100

 

Jiangsu

-

-

-

 

Beijing

6,800

6,700

-100

 

Inner Mongolia

-

-

-

High protein

Shanghai

-

-

-

 

Tianjin

-

-

-

 

Shandong

8,500

8,500

0

 

Guangdong

8,500

8,500

0

 

Jiangsu

-

-

-

 

Beijing

8,500

8,500

0

 

Inner Mongolia

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1483 (Feb 7)

 

Suppliers' quotes
 
Price quotes of US feed-grade whey slid to the range of US$ 772-882/tonne.
 

Market analysis
 
Demand for whey weakened as feed producers halted operation towards the end of January in preparation for the Chinese New year holidays. With the costs of US whey products falling, traders cut prices, albeit prudently.
 
 
Market forecast
 
The rampant outbreak of disease, coupled with a tumbling pre-festive hog market, will impede the sales of whey after the holidays. With import costs lower, traders will be in a better position of cut prices to entice buyers.
 

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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