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February 8, 2017

China Whey Weekly: Market under pressure after festive holidays (week ended Feb 7, 2017)

An eFeedLink Exclusive
 

Price summary

Prices stayed flat. 
 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Jan 24
(RMB/tonne)

Price as of Feb 7
(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$0.1453 (Feb 8)

 
 
Suppliers' quotes

In Europe, whey prices were mainly around EUR840/tonne.

Price quotes of US feed-grade whey strengthened to the range of US$750-981/tonne.
 

Market analysis

Firm global prices lent support to the prices of whey in China. Nonetheless, the market was quiet over the past two weeks as both feed millers and traders took a long break during the Chinese New Year.
 

Market forecast

Whey prices will be under pressure with piglet feed demand set to dwindle while hog prices soften due to waning post-festive pork demand. Even with import costs on the rise, whey trader will have difficulties lifting prices in a weak market.
 

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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